Magnendo Corp. secures $18M Series A financing led by Penumbra to advance their robotic navigation technology for stroke intervention.
Amount Raised
$18 Million
Round Type
Series A
CambridgeInformation TechnologyBiotechnologySoftwareHealth CareMedical DeviceRoboticsInvestors
Description
Magnendo Corp. has announced the closing of an $18 million Series A financing. The funding will support the productization of their robotic platform and preparation for first-in-human clinical studies. Led by Penumbra, the financing includes participation from new and existing institutional investors
Quick answer
Magnendo raised $18 Million in a Series A round, dated July 24, 2026. Investors: Penumbra, Inc. Magnendo is based in Cambridge, Massachusetts, United States.
- How much did Magnendo raise?
- Magnendo raised $18 Million in a Series A round on July 24, 2026.
- Who invested in Magnendo?
- Penumbra, Inc. is named as investors in this round.
- What does Magnendo do?
- Magnendo is transforming the way we treat stroke or brain aneurysms with faster, safer, and easier access through the power of robotic technologies.
- Where is Magnendo based and how big is it?
- Magnendo is based in Cambridge, Massachusetts, United States. Fundz records about 2 employees.
- Who are the decision-makers at Magnendo?
- Fundz holds 1 contact at Magnendo. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Medical Device and Robotics around the same time
Companies in the same sectors as Magnendo that raised within 45 days of this round, from Fundz verified event records.
- Cornerstone Robotics raised $700M (Corporate Round) on September 2, 2026.
- Odysight.ai raised $11M (Post-IPO Equity) on August 21, 2026.
- Subsense raised $27M (Seed) on September 3, 2026.
- Tensive S.r.l raised $23M (Debt Financing) on September 3, 2026.
- Tensive raised $23M (Debt Financing) on September 3, 2026.
- Scopia Surgical raised an undisclosed amount (Pre-Seed) on September 1, 2026.
Who to call at Magnendo, and when
A new round usually means Magnendo is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Magnendo raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Magnendo, from your own LinkedIn network
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Funding Insights
What this usually meansMagnendo raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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