Magne
5 known investors
MAGNE builds a 5G Android smartphone with hardware-based security (secure element, trusted execution environment) for private on-device AI workflows and Web3 operations such as wallet, swap, stake, bridge, and asset signing. It is aimed at users and institutions wanting stronger control over digital assets and privacy-sensitive mobile use, with plans for its own L1/L2 network and DePIN participation.
Also known as MAGNE · MAGNE.AI
Investors · 5
Also in the syndicate · 4
Company profile
researched Aug 2026MAGNE.AI describes itself as an AI-native hardware and on-chain intelligence infrastructure company. Its first product, the MAG1, is positioned as a "smart terminal" rather than a smartphone: a 5G Android-class device built around on-device AI and hardware-held keys, with signing performed in a secure element and recovery credentials held on an offline NFC card instead of in the cloud. Published MAG1 hardware details include a UNISOC T9100 5G mobile platform, an IMG AX3596 NPU rated at 10 TOPS INT8 at 1.2GHz, up to 24GB of physical/virtual ("Hyper") RAM, 512GB UFS 3.1 storage, a 5000mAh battery with 33W PD charging, and a 6.78-inch FHD+ 120Hz display, with the product identified by GSMA TAC 01681300.
The device's AI stack is split across three paths: Google Gemini as the default cloud system assistant on overseas versions with side-key access; a local Qwen2.5 1.5B model paired with on-device speech recognition and synthesis for translation and voice workflows; and a dedicated NPU for on-device inference, with imaging AI handled by separate ISP and vision pipelines. Security is presented in three layers — applications and on-device AI, a TEE with trusted signing, and an independent secure element with NFC offline recovery.
Beyond the handset, MAGNE.AI is extending into an integrated edge AI and on-chain stack: MAGNE AI BOX, a private edge AI computing device for local large-language-model inference, private retrieval-augmented generation, multimodal processing, local knowledge-base management, private AI-agent execution and enterprise workflow integration; MAGNE L1 for device identity, authorization, ownership and trusted on-chain records; MHash L2, an OP Stack-based application and ecosystem layer for high-frequency agent interactions, coordination, payment routing and settlement; and MAGNE Agent Pay, a programmable, x402-compatible payment and settlement layer supporting agent-to-agent and machine-to-machine payments, usage-based and API/data-access payments, automated task settlement, programmable spending permissions and on-chain transaction records."]
Business model
MAGNE.AI sells secure hardware — the MAG1 smart terminal (offered for pre-order) and the MAGNE AI BOX edge AI device — while operating an associated blockchain stack (MAGNE L1, MHash L2) and an AI-agent payment layer (MAGNE Agent Pay). Company materials reference commerce channels including partnerships, distribution and enterprise procurement, alongside a support function for devices, accounts, orders and after-sales service.
Traction
The company reports total publicly disclosed funding of US$12.64 million across two strategic financing rounds. Its published timeline lists open-sourcing of L1 and L2 in September 2025, a testnet launch in October 2025, Google GMS in November 2025, UN38.3, GSMA TAC and CB certifications in December 2025, California Proposition 65 compliance in April 2026, an FCC milestone in May 2026, and a "Season 1" user program running from April to July 2026; the timeline is noted as compiled from company-provided records pending final approval.
Latest developments
On 5 August 2026 MAGNE.AI announced an additional US$2.64 million strategic financing round with participation from GAEA Ventures, Titans Ventures and Go2Mars Labs, bringing total publicly disclosed funding to US$12.64 million. Proceeds are earmarked for engineering validation and commercial delivery of MAGNE AI BOX, its integration with MAGNE L1 and MHash L2, and continued development of MAGNE Agent Pay for x402-compatible AI-agent payments.
▸Full profile — market position, technology, go-to-market, geography, risks & controversies
Market position
Positioned in the Web3-native AI hardware segment, combining a secure smartphone, an edge AI appliance and its own L1/L2 blockchain and agentic payment infrastructure; the company frames its trajectory as moving from a Web3-native AI smartphone platform to an integrated edge intelligence and on-chain infrastructure stack.
Keys and signing are held in a dedicated secure element with a TEE, and account recovery uses an offline NFC card rather than cloud custody; AI inference can run locally on a dedicated NPU instead of being sent to centralized cloud services. The company pairs this hardware with its own device-identity L1, OP Stack L2 and an agentic payment layer, aiming to link identity, authorization, service access and settlement in one stack.
Technology
On-device AI and hardware-rooted security: a layered architecture combining applications and edge AI, a trusted execution environment for isolated sensitive computation and trusted signing, and an independent secure element holding keys, with recovery credentials on an offline NFC card. The MAG1 uses a UNISOC T9100 5G platform with an IMG AX3596 NPU (10 TOPS INT8, 1.2GHz), up to 24GB Hyper RAM and 512GB UFS 3.1 storage; software combines Google Gemini as the cloud assistant with a local Qwen2.5 1.5B model plus on-device ASR and TTS. The network side comprises MAGNE L1 for device identity and ownership records and MHash L2 built on the OP Stack for applications and settlement; a developer-facing site cites 400-millisecond block times, transaction fees under $0.0025 and validation by independent nodes.
Go-to-market
MAGNE.AI markets through public product events and conference appearances — including a launch night in Kuala Lumpur (Malaysia Blockchain Week), "AI Meets RWA" in New York, an RWA event in Philadelphia and WebX in Tokyo — supported by press releases distributed via crypto newswires, a media kit, direct pre-orders for MAG1, and business/enterprise procurement and channel partnerships.
Individuals, developers and enterprises requiring greater privacy, lower latency and stronger control over AI workloads and proprietary data, as well as users of decentralized applications who want hardware-level custody of keys; the smartphone is positioned as a secure personal access point and the AI BOX for personal and enterprise local inference and agent execution.
Geography
Press releases are datelined Road Town, British Virgin Islands. Public activity spans Kuala Lumpur, New York, Philadelphia and Tokyo, and the company states worldwide deployment intent with 5G support and carrier compatibility across major regions.
Risks & controversies
Press coverage of the August 2026 financing was distributed as sponsored/paid press release content supplied by the company and not independently verified by the publisher. The company's own timeline states it was compiled from company-provided records and remains subject to final approval by the MAGNE.AI team, and its energy-efficiency claims are described as varying by network configuration with methodology available only under controlled due diligence.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 14
launches, deals, and filingsMAGNE.AI announced completion of an additional US$2.64 million strategic financing round with participation from GAEA Ventures, Titans Ventures and Go2Mars Labs, to fund MAGNE AI BOX engineering validation and commercial delivery, integration with MAGNE L1 and MHash L2, and development of MAGNE Agent Pay.
$2.6M source ↗
Company timeline records Google Mobile Services as a milestone for global market entry.
The network moved from concept to a connectable, observable and verifiable state.
First strategic financing round of US$10 million with participation from Becker Ventures, TBV, DuckDAO and Castrum Capital, per the company's public timeline.
$10M source ↗
Product concept presented in a public discussion on real-world assets and artificial intelligence in New York.
First public presentation of the hardware, AI and ownership concept at a Malaysia Blockchain Week launch night.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 8
primary sources listed
- Magnemagne.ai · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Magne do?
- MAGNE.AI builds AI-native secure hardware — a Web3 smartphone and edge AI box — plus L1/L2 chains and AI-agent payments.
- Who are Magne's investors?
- Magne's investors include Castrum Capital.