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Magnendo

Newton, US · Founded 2024 · Delaware corporation · 3 known investors

Find your way into Magnendo

Magnendo develops a magnetically steerable soft-robotic guidewire system for neurovascular endovascular procedures, enabling physicians to access hard-to-reach targets in the brain's blood vessels for stroke and aneurysm treatment. The system is designed to reduce procedural time, complications, and costs while improving patient outcomes.

Also known as Magnendo Corp · Magnendo Corp.

Founders & leadership

Magnendo was founded in 2024 by Yoonho Kim.

YKYoonho Kim
Yoonho KiminFounder, President & CEO
JA
Jeffrey ArnoldChairman and Treasurer
AP
Aman PatelChief Medical Officer
MR
Meir RosenbergChief Development Officer
XZXuanhe Zhao
Xuanhe ZhaoNamed on SEC filing

Investors · 3

Also in the syndicate · 2

PenumbraleadPenumbra, Inc.lead

Reported raises · per SEC filings

Form D private placements

$20.3M disclosed across 2 rounds · 2024–2026

$18MraisedJul 2026 · 10 investors · Biotechnology
Rule 506(b)
Officers, directors & promoters on the filing
  • Yoonho KimExecutive Officer, Director
  • Aman PatelDirector
  • Jeffrey ArnoldDirector
  • Xuanhe ZhaoDirector
Offering amount
$18M
Amount sold
$18M
First sale
Jul 2026
Incorporated
Corporation, Delaware, 2024
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$2.3MraisedOct 2024 · 37 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Yoonho KimExecutive Officer, Director
  • Xuanhe ZhaoDirector
  • Jeffrey ArnoldExecutive Officer, Director
  • Aman PatelExecutive Officer, Director
  • Meir RosenbergExecutive Officer
Offering amount
$3.5M
Amount sold
$2.3M
Proceeds to insiders
$465K
First sale
Jun 2024
Incorporated
Corporation, Delaware, 2024
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Magnendo Corp. is an MIT spinout developing a robotic navigation platform for neuro-endovascular intervention. The system pairs magnetically steerable soft-robotic guidewires with robotic control, advanced medical imaging and intelligent navigation software, with the aim of helping physicians reach targets in the brain's complex and tortuous vasculature faster and more consistently. The company frames the clinical problem as the difficulty of navigating from the vascular access site to a clot or aneurysm: slow or difficult target access delays treatment for stroke patients, while tortuous anatomy raises the risk of complications such as vessel perforation or dissection.

The platform is positioned as compatible with existing clinical workflows and commercially available devices. Stated objectives include shortening procedure times, reducing unsafe maneuvers that can lead to hemorrhagic complications, improving consistency across operators and patient anatomies, and lowering the cost of neuroendovascular care. As of mid-2026 the company reported preclinical validation of its robotic system and magnetic guidewires and was working toward productization and a first clinical platform for first-in-human studies.

Founding story

The technology originated in years of research and development at MIT. CEO Yoonho Kim is described as the inventor and technical lead, and MIT mechanical engineering professor Xuanhe Zhao is described as co-inventor and scientific advisor. The underlying work is reflected in publications on printed ferromagnetic domains for untethered fast-transforming soft materials (Nature, 2018), ferromagnetic soft continuum robots (Science Robotics, 2019), and telerobotic neurovascular interventions with magnetic manipulation (Science Robotics, 2022).

Traction

Magnendo reports preclinical results generated with leading neurointerventional physicians indicating the potential to substantially reduce navigation times and improve procedural consistency across operators and anatomies. The company states its platform has been validated by key opinion leaders in neurointervention and that it is preparing its first clinical system ahead of first-in-human studies.

Latest developments

In July 2026 Magnendo announced an $18 million Series A led by Penumbra, Inc. with participation from new and existing institutional investors, to fund productization and preparation for first-in-human clinical studies. Its careers site simultaneously listed roughly fifteen full-time openings in Newton, Massachusetts spanning robotics, computer vision, medical device software, systems engineering, process development and program management.

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

The company addresses navigation in mechanical thrombectomy and other neuro-endovascular procedures, a step the company and its investors describe as a major procedural bottleneck. Its Series A was led by Penumbra, Inc., described in the announcement as the world's leading thrombectomy company.

Management positions the approach as focused specifically on endovascular access and navigation rather than replacing the broader procedure, using magnetic steering integrated with existing clinical workflows and commercially available devices. Penumbra's president characterized the approach as elegant and pragmatic relative to the challenges of endovascular intervention.

Technology

The core technology is a magnetically steerable soft-robotic guidewire, derived from work on ferromagnetic soft continuum robots and printed ferromagnetic domains, combined with robotic actuation and control, medical imaging and navigation software. Magnetic steering is used to direct the guidewire through tortuous cerebral vessels, and the system is designed to interoperate with existing clinical workflows and commercially available devices.

Go-to-market

Neurointerventional physicians and hospital neuro-endovascular programs treating acute ischemic stroke and brain aneurysms.

Geography

Operations and hiring are concentrated in Newton, Massachusetts, United States.

History

Magnendo emerged as a spinout of MIT research. In July 2026 it announced the closing of an $18 million Series A financing led by Penumbra, Inc., intended to support productization of its preclinically validated robotic system and magnetic guidewires and to advance its first clinical platform toward first-in-human studies. Around the same period the company was hiring across software, robotics, systems, hardware, manufacturing and program management functions at its Newton, Massachusetts location.

Risks & controversies

The product is preclinical: the company has not yet conducted first-in-human studies, and its first clinical system was still in productization as of mid-2026.

Compiled by commissioned research from 6 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
HeadcountAug 20265
Open job postingsJan 202615 roles

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 2

by search overlap

Companies competing with Magnendo for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 2

launches, deals, and filings
Jul 2026
Magnendo closes $18M Series A led by Penumbra

Magnendo Corp. announced the closing of an $18 million Series A financing led by Penumbra, Inc., with participation from a syndicate of new and existing institutional investors. Proceeds are earmarked for productization of its robotic platform and magnetic guidewires and preparation for first-in-human clinical studies.

$18M source ↗

Jan 2022
CEO Yoonho Kim named MIT Technology Review Innovator Under 35

Founder and CEO Yoonho Kim was recognized as an MIT Technology Review Innovator Under 35 in 2022.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
MagnendoDelaware

In the news

Research sources · 6

primary sources listed

6 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Magnendo do?
MIT spinout building a magnetically steerable robotic guidewire platform for neuro-endovascular stroke and aneurysm procedures.
Who founded Magnendo?
Magnendo was founded by Yoonho Kim in 2024.
Who are Magnendo's investors?
Magnendo's investors include Kakao Ventures.
How much funding has Magnendo raised?
Magnendo has disclosed $20.3M raised across 2 rounds.
Where is Magnendo headquartered?
Magnendo is headquartered in Newton, US.