How MAGNiTT verifies its data?

At MAGNiTT, our unwavering commitment to data accuracy and your confidence in the information we provide is of utmost importance to us. To achieve this, we have developed a rigorous verification process that puts you, our valued client, at the center of our focus.

Let's take a closer look at how we ensure the accuracy and reliability of the funding round data on our platform.

1. Direct Confirmation with the Firm or Investor:
We understand the significance of having the most up-to-date and accurate information. To achieve this, we directly engage with the firms and investors involved in funding rounds. Our dedicated team makes every effort to confirm the details of each funding round directly with the parties involved. This ensures that the information we present to you is as accurate and reliable as possible.

2. Validation from Credible Third-Party Sources:
In addition to our direct confirmation process, we also validate funding round data through credible third-party sources. We actively seek information from reputable media sources and press releases. When we find a consistent and credible source confirming a funding round, we consider it as a vital element in our verification process. This not only enhances the accuracy of the data but also adds another layer of confidence for you as our client.

3. Regulatory Filings (where applicable):
In some cases, regulatory filings can be an invaluable source of information. We diligently search for relevant regulatory filings to cross-verify the details of funding rounds. This additional step further ensures that the information we provide is comprehensive and accurate.

4. Unverified Funding Rounds:
At MAGNiTT, we believe in transparency. A funding round is not marked as verified if it has been added by a startup or investor and lacks a credible third-party reference. These unverified funding rounds are identified as "Pending" until they go through our thorough verification process.

Only funding rounds that have undergone verification are represented on MAGNiTT platform.


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