Magnefy

Based in the US, Magnefy delivers advanced AI-driven magnetic sensing solutions for real-time predictive maintenance of critical electrical assets, enhancing operational reliability and efficiency across various sectors. Magnefy, founded in 2025 in Stanford, US, focuses on leveraging AI technology for predictive maintenance. The company has undergone a strategic pivot to emphasize high-frequency magnetic sensing. It successfully raised USD 1.

5 mn in a pre-seed funding round in April 2025, led by Dolby Family Ventures, with contributions from investors including Antler, Climate capital syndicate, Cyan Ventures, Dangerous Ventures, and Sunna Ventures. The company has executed 1 deal to date. Magnefy specializes in an innovative edge AI-powered, high-frequency magnetic sensing platform designed for real-time predictive maintenance of critical electrical assets including transformers, switchgear, and generators. The company’s flagship product is a non-invasive IoT solution priced at USD 500, which captures 250 times more low-noise, high-frequency data compared to traditional systems.

This advanced technology enables the early detection of potential failures such as partial discharge and higher harmonics, allowing clients to take preventative measures weeks to months in advance. Magnefy's primary clientele includes mission-critical facilities such as data centers, independent power producers (IPPs), utilities, and manufacturers. The technology addresses significant operational challenges in the North American market, particularly within sectors that require enhanced reliability and power efficiency for their electrical infrastructure. Magnefy’s revenue model is built around direct-to-consumer transactions, primarily targeting B2B clients in the energy and manufacturing sectors.

The company capitalizes on its USD 500 IoT solution, sold through a direct sales approach, enabling seamless integration into existing electrical assets for its clients. Revenue generation occurs as clients purchase the hardware and potentially subscribe to ongoing analytics services that enhance their predictive maintenance capabilities. This service structure supports long-term relationships with customers, as companies seek to maximize the reliability of their electrical infrastructure while minimizing downtime and maintenance costs. By focusing on high-frequency sensing technology, Magnefy positions itself as a leader in the predictive maintenance space, addressing critical needs within the electrical asset management sector.

Magnefy plans to utilize the recent funding of USD 1. 5 mn, raised in August 2025, to design and launch new products aimed at enhancing predictive maintenance capabilities. The company targets expansion into additional markets within North America, specifically looking to penetrate sectors such as renewable energy and advanced manufacturing by 2026. The funding will support research and development as well as marketing initiatives to facilitate this geographic and product expansion.