# Neural Magic

**Source:** https://www.startuphub.ai/startups/neural-magic
**Profile type:** Startup

> Software for efficient and performant machine learning execution in production.

## About

Neural Magic develops software that simplifies and optimizes machine learning execution. They engineer sparse NLP and CV models that achieve higher efficiency and performance in production environments, recovering baseline accuracy while allowing users to apply their own data.

## Key facts

- **Slug:** neural-magic
- **Website:** https://redhat.com
- **Location:** Boston, United States
- **Founded:** 2018-03-01 00:00:00
- **Employees:** 16
- **Operating status:** Active
- **Total funding:** $50M
- **Sectors / tags:** Computing, Acceleration, Artificial Intelligence, Inference, AI Infrastructure, GPU, MLOps, Computer Vision, Natural Language Processing, Foundation Model, Sparse Models, Performance Optimization, Developer Tools
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/neural-magic/
  - Twitter: https://twitter.com/RedHat
  - Facebook: https://www.facebook.com/RedHat

## Frequently asked

### What does Neural Magic do?

Neural Magic develops software that simplifies and optimizes machine learning execution. They engineer sparse NLP and CV models that achieve higher efficiency and performance in production environments, recovering baseline accuracy while allowing users to apply their own data.

### What is Neural Magic's revenue?

StartupHub estimates Neural Magic's annual revenue at $6.9M (range $3.7M to $9.9M, 62% confidence), based on comparable companies in the sector.

### What is Neural Magic's valuation?

StartupHub estimates Neural Magic's effective valuation at $199.3M (range $125.0M to $300.0M, 10% confidence), based on comparable companies in the sector.

### How much funding has Neural Magic raised?

Neural Magic has raised a total of $50M in funding. The most recent round on record is Series A.

### Where is Neural Magic headquartered?

Neural Magic is headquartered in Boston, United States.

### When was Neural Magic founded?

Neural Magic was founded in 2018.

### What industry does Neural Magic operate in?

Neural Magic operates in Computing, Acceleration, Artificial Intelligence, Inference, AI Infrastructure, GPU.

### How many employees does Neural Magic have?

Neural Magic has approximately 16 people on record.

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