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The Venture Codex

Magarac Venture Partners

6501 Living Place Suite 211, Pittsburgh, PA, 15206, United States

Overview

Magarac Venture Partners is a venture firm that invests in early-stage companies. Founded in 2021, the firm's goal is to be the "MVP" by empowering bold, forward-thinking founders with capital and resources on their journey to shape the future. The firm was founded by Mike Stubler, Jay Katarincic, Zach Malone (former colleagues at Draper Triangle Ventures), and Will Allen.

Total investments
6
Lead investments
4
Investments · 12mo
3
Active investors
4

Sector focus

  • Finance
  • Financial Services
  • Venture Capital
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Investment portfolio

  • Gray Swan

    Participated · Series A · Jun 2026

    Gray Swan builds an AI security platform that combines real-time protection (Cygnal), automated adversarial testing/red-teaming (Shade), and a global red-teaming community (Arena) to detect and prevent dangerous model and agent behavior. Cygnal enforces custom enterprise policies in real time, while Shade runs automated pre-deployment adversarial tests as part of CI/CD, and Arena crowdsources attacks from more than 15,000 researchers to generate over one million attack trajectories. The company says its benchmarks are embedded in the safety evaluation processes of leading frontier labs and that it is cited in 11 recent frontier model system cards, including those from Anthropic, OpenAI, and Meta. Gray Swan works with over 20 customers and has partnerships with platforms such as Snowflake, including a native integration for runtime AI protection. The recent $40M Series A will fund go-to-market scaling, deeper lab and platform partnerships, and team growth to support enterprise deployments.

  • Hellbender

    Led · Seed · May 2026

    Hellbender develops integrated perception platforms that combine edge-native AI software with proprietary, high-performance hardware to deliver production-ready intelligence for autonomous and industrial systems. The company is launching a new line of on-edge AI cameras — the Stereo Camera, Vine Camera System, and Tadpole Camera — with pre-orders beginning in June 2026 and pilots already underway with a national utility provider, a national convenience store chain, and assisted living facilities. Hellbender emphasizes domestic engineering and manufacturing in the United States to reduce supply-chain risk and support scaled production. Its stack uses Hailo AI accelerators and Raspberry Pi compute to provide low-power, high-TOPS processing at the edge. Hellbender serves mission-critical industries including energy, logistics, agriculture, manufacturing, and healthcare and reported nearly doubling revenue each year since founding.

  • Netail

    Participated · Series A · Feb 2026

    Profitmind is a Pittsburgh-based software company that builds an AI decision-intelligence platform for retail merchandising, planning and marketing teams. Its native agentic AI architecture fuses a retailer’s internal data, competitive signals and strategic goals to produce a ranked list of actions such as price changes, promotion tweaks, inventory reallocations and assortment shifts, each tied to projected sales, profit and working-capital impact. The system exports approved actions to execution tools and feeds actual results back into the model, continuously improving recommendations. Retailers using Profitmind span apparel, footwear, auto parts and home goods categories and range from $20 million to $100 billion in revenue across three continents. Reported outcomes include profit improvements of more than 250 basis points and hundreds of hours saved per month in manual data work. Recent partnerships with Microsoft (to list on Azure Marketplace) and Accenture aim to streamline enterprise adoption and support large-scale retail transformations. The newly raised capital will be directed toward global expansion, product enhancement and team growth.

  • Bloomfilter

    Led · Seed · May 2023

    Bloomfilter, based in Cleveland, OH, provides a process intelligence platform for software development that measures and improves the software development lifecycle. The platform helps organizations develop a shared understanding of what the product team is building, when it will be delivered, and how much it costs. Its patent-pending process mining and predictive algorithms help teams identify problems in the development process and objectively predict project outcomes. Led by Co-CEOs Andrew Wolfe and Erik Severinghaus, the company recently moved the platform from beta to general availability. Bloomfilter intends to use new capital to accelerate product development, customer success, and go-to-market activities. No operating metrics were disclosed in the article.

  • MOGL

    Led · Seed · Mar 2023

    Mogl is a New York-based athlete marketplace and NIL operations software provider that connects college athletes with brands and fans for sponsorships, endorsements and video shoutouts. The platform offers compliance and marketplace tools aimed at universities, collectives and brands to facilitate NIL programs and influencer marketing. Mogl plans to expand its compliance and marketplace offerings and broaden its business reach with the new funding. The company is used by over 10,000 student-athletes and more than 1,500 participating businesses and brands, including NBC Sports, Toyota, Under Armour and DoorDash. Co-founded by Brandon Wimbush and CEO Ayden Syal, Mogl positions itself as a comprehensive solution for brands and universities seeking scalable influencer campaigns and insights. The article notes the company closed additional seed financing but does not disclose revenue or valuation.

Team