Magento is a modern cloud commerce platform leveraging an open-source ecosystem. It offers robust e-commerce solutions, including content management and shopping cart software, catering primarily to businesses aiming to enhance their online retail presence. Founded by Magento, Inc., the platform is designed to be highly customizable and scalable, making it suitable for a wide range of market needs.
Magento has achieved significant impact since its initial release in 2008, becoming a leading choice for e-commerce businesses worldwide. Its open-source nature has fostered a large community of developers and users, contributing to continuous innovation and improvement. The platform's acquisition by Adobe has further strengthened its market position, integrating it into Adobe's suite of digital experience solutions.
Operating Status
Acquired
Industry
E-Commerce, Software Companies
Ownership Type(s)
Equity
Main Product(s)
eCommerce Platform
Technology
Open Source
Tags
Cloud, SaaS
Revenue Type(s)
Recurring, Software, Transactional
Customer Type(s)
Enterprise, Small Business
Geographic Exposure
Global

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Companies similar to Magento include MageMojo, Loaded Commerce, Shopify and CoreCommerce.
Magento was founded in 2007.
Magento's headquarters is located in Culver City, CA, US.
Magento's most recent funding round was for $1.7B (USD) in May 2018.
As of May 21, 2018, Magento has raised a total of $2B (USD).