MagnetX Announces Completion of US$5 Million Financing and Opens Third Fundraising Round to Accelerate Global AI Agent Infrastructure

MagnetX has completed a US$5 million financing round and simultaneously launched a third fundraising campaign seeking US$15 million at a proposed US$150 million valuation, the company announced. Headquartered in Hong Kong and Abu Dhabi, MagnetX said the new funds will accelerate development of its AI agent infrastructure, expand its global market reach and scale core team and partner networks.

"The planned proceeds will support MagUp product development and global market expansion; the development of the DeWorld Agent Marketplace; enhanced model-routing and computing-capacity capabilities; and the expansion of MagnetX’s global partner network and core team," MagnetX said.

Context and details

• Completed financing: MagnetX closed a US$5 million financing round prior to opening the new fundraising effort. The company did not disclose the identities of the investors in the completed round.
• New fundraising target: MagnetX has opened a third round targeting US$15 million, with the company proposing a US$150 million valuation for this round.
• Product focus: Proceeds are earmarked for MagUp product development. MagUp is cited by MagnetX as a core offering that will receive additional investment to accelerate feature rollouts and market readiness.
• Marketplace development: Funds will also support the DeWorld Agent Marketplace, an initiative intended to connect, distribute and monetise AI agents through a dedicated platform.
• Technical scaling: The company plans to enhance model-routing and computing-capacity capabilities, signalling investment in infrastructure to support higher throughput and more sophisticated agent orchestration.
• Geographic footprint and team growth: Headquartered in Hong Kong and Abu Dhabi, MagnetX said it will use proceeds to expand its global partner network and grow its core team to support international expansion.

MagnetX’s announcement places emphasis on building both product and marketplace layers of an emerging AI agent stack. MagUp appears to be the firm's flagship product, while DeWorld is positioned as the commercial exchange layer for agents. The funding allocation toward model-routing and computing capacity indicates MagnetX anticipates rising demand for multi-model orchestration and the need to optimise compute costs and latency for agent-driven workloads.

By proposing a US$150 million valuation for its US$15 million raise, MagnetX is signalling confidence in its roadmap and market opportunity. The combined strategy of product development, marketplace creation and infrastructure scaling aims to address multiple points in the AI agent value chain—from developer tooling and agent deployment to monetisation and compute management.

Outlook

With the initial US$5 million financing closed and the third round underway, MagnetX faces the near-term tasks of converting investor interest into capital while delivering measurable progress on MagUp and DeWorld. Successful execution will require rapid technical hiring, strategic partnerships in key markets and demonstrable throughput and cost-efficiency gains from its model-routing and compute investments. If MagnetX can show early traction on those fronts, the company’s targeted US$150 million valuation for the round could be validated by new commercial agreements and marketplace activity.