Magnitude Raises $10 Million to Automate Third-Party Risk Management
Summary
Cybersecurity startup Magnitude emerged from stealth with $10 million in seed funding. It says its AI agents continuously assess third-party risks, identify potentially exposed vendors and dependencies, and help prioritize remediation.
Key points
- Magnitude raised $10 million in a seed round led by Ballistic Ventures.
- The company says its AI agents continuously assess third-party and downstream ecosystem risks.
- Magnitude says the agents can identify potentially exposed vendors, products, AI agents, and dependencies when a vulnerability is discovered.
- The company says its agents prioritize actions and help organizations manage and remediate external risks.
Article Details
- Event Type
- Cybersecurity startup funding announcement
- Impact
- Magnitude raised $10 million in a seed funding round led by Ballistic Ventures to support its autonomous AI workforce for third-party risk management and AI-agent governance.