Funding round
Magnendo Corp. raises $18M Series A round
Magnendo Corp. (USA) has raised $18M in a Series A round, announced on July 24, 2026. The company is Developing magnetic robotic navigation technology for neuro-endovascular stroke intervention procedures. The round was led by Penumbra, Inc., with participation from syndicate of new and existing institutional investors.
Magnendo closed $18 million Series A led by Penumbra to advance its magnetic robotic navigation platform toward first-in-human clinical studies for endovascular stroke treatment.
Company
Magnendo Corp.
Amount
$18M (~$18M)
Round
Series A
Sector
Medical devices
Country
USA
Announced
July 24, 2026
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This deal appeared in The Daily Raise, July 24, 2026. Get the next edition in your inbox.
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