Magnitude Emerges From Stealth Mode With $10 Million in Funding

San Francisco-based cybersecurity startup Magnitude has launched with 10 million dollars in seed funding led by Ballistic Ventures, introducing an autonomous AI workforce for third-party risk management. The company's platform uses AI agents that continuously monitor vendor ecosystems, automatically identifying vulnerabilities and prioritizing remediation across third-party and downstream dependencies in what they call the "Mythos era." Founder and CEO Rami Habal says traditional governance models can't keep up with modern interconnected ecosystems of vendors and AI agents, and Magnitude aims to deliver continuous automated risk assessment and defense at machine speed.