Magnitude builds AI agents for third-party risk management, aimed at security teams whose vendor reviews go stale the moment they are filed. Seven specialized agents cover intake, assessments, continuous monitoring, Nth-party mapping, vendor engagement, decisioning, and remediation; together they collect evidence, analyze controls, score risk, cite the sources and reasoning behind each conclusion, and track issues through to closure. The platform sells to enterprise security and TPRM functions that need visibility deeper than their direct suppliers. Unlike annual questionnaires and point-in-time audits, which describe a vendor as it was on one date, the agents keep watching as conditions change. The company's goal is to make third-party risk continuous by leaving analysts the judgment calls and automating the paperwork.
Company Size
11-50
Company Stage
Seed
Total Funding
$10M
Headquarters
San Francisco, California
Founded
2024
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