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Magnitude Platforms develops AI tools for third-party risk management and cybersecurity governance.
Founded in 2024 by Rami Habal in the US, Magnitude Platforms develops an AI platform for third- and Nth-party risk management and cybersecurity governance. Its risk agents handle vendor intake, assessment, monitoring, decision support, and remediation tracking. The company raised $10 million in seed funding in June 2026, led by Ballistic Ventures. It plans to use the funding to build its autonomous AI workforce for continuous risk management and remediation.
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