Neural Magic Overview
- Year Founded
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2017
- Status
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Acquired/Merged
- Employees
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53
- Latest Deal Type
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M&A
Neural Magic General Information
Description
Developer of an inference engine software designed to speed up artificial intelligence workloads on commodity hardware. The company's software incorporates big data and deep learning and can be used for recommendations, image recognition, and object detection, enabling businesses and corporate clients to overcome the limitations of traditional hardware accelerators.
Contact Information
Website
www.neuralmagic.com(Operating Subsidiary)
Corporate Office
- 55 Davis Square
- Suite 3
- Somerville, MA 02144
- United States
Corporate Office
- 55 Davis Square
- Suite 3
- Somerville, MA 02144
- United States
Neural Magic Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 5. Merger/Acquisition | 12-Nov-2024 | Completed | Generating Revenue | |||
| 4. Early Stage VC (Series A) | 05-Oct-2021 | Completed | Generating Revenue | |||
| 3. Seed Round | 06-Nov-2019 | Completed | Generating Revenue | |||
| 2. Accelerator/Incubator | $5M | Completed | Generating Revenue | |||
| 1. Seed Round | 23-Mar-2018 | $5M | $5M | Completed | Generating Revenue |
Neural Magic Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series A | ||||||||
| Series A-1 | ||||||||
| Seed | 6,052,289 | $0.000100 | $2.48 | $2.48 | 1x | $2.48 | 23.95% |
Neural Magic Comparisons
Industry
Financing
Details
Neural Magic Competitors (17)
One of Neural Magic’s 17 competitors is Tectonic (Business/Productivity Software), a Venture Capital-Backed company based in Denver, CO.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Tectonic (Business/Productivity Software) | Venture Capital-Backed | Denver, CO | ||||
| Tryeting | Venture Capital-Backed | Nagoya, Japan | ||||
| Datoin | Accelerator/Incubator Backed | Bengaluru, India | ||||
| DataRobot | Venture Capital-Backed | Boston, MA | ||||
| vertigo.ai | Corporation | Copenhagen, Denmark |
Neural Magic Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
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Verticals
Neural Magic Patents
Neural Magic Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| WO-2021061172-A1 | System and method of executing neural networks | Inactive | 27-Sep-2019 | ||
| WO-2021054990-A1 | Systems and methods for generation of sparse code for convolutional neural networks | Inactive | 16-Sep-2019 | ||
| WO-2021026225-A1 | System and method of accelerating execution of a neural network | Inactive | 08-Aug-2019 | ||
| WO-2020072274-A1 | Systems and methods for neural network pruning with accuracy preservation | Inactive | 01-Oct-2018 | ||
| WO-2020046859-A1 | Systems and methods for neural network convolutional layer matrix multiplication using cache memory | Inactive | 27-Aug-2018 | G06F17/16 |
Neural Magic Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Neural Magic Former Investors (10)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| AI Venture Labs | Accelerator/Incubator | Minority | ||
| Amdocs Ventures | Corporate Venture Capital | Minority | ||
| Andreessen Horowitz | Venture Capital | Minority | ||
| Comcast Ventures | Corporate Venture Capital | Minority | ||
| New Enterprise Associates | Venture Capital | Minority |
Neural Magic FAQs
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When was Neural Magic founded?
Neural Magic was founded in 2017.
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Where is Neural Magic headquartered?
Neural Magic is headquartered in Somerville, MA.
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What is the size of Neural Magic?
Neural Magic has 53 total employees.
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What industry is Neural Magic in?
Neural Magic’s primary industry is Business/Productivity Software.
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Is Neural Magic a private or public company?
Neural Magic is a Private company.
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What is Neural Magic’s current revenue?
The current revenue for Neural Magic is .
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How much funding has Neural Magic raised over time?
Neural Magic has raised $50M.
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Who are Neural Magic’s investors?
AI Venture Labs, Amdocs Ventures, Andreessen Horowitz, Comcast Ventures, and New Enterprise Associates are 5 of 10 investors who have invested in Neural Magic.
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Who are Neural Magic’s competitors?
Tectonic (Business/Productivity Software), Tryeting, Datoin, DataRobot, and vertigo.ai are some of the 17 competitors of Neural Magic.
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When was Neural Magic acquired?
Neural Magic was acquired on 12-Nov-2024.
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Who acquired Neural Magic?
Neural Magic was acquired by Red Hat.
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