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Neural Magic
Simplifying machine intelligence
- 21-100 employees
- B2B
- Artificial Intelligence
- Enterprise
- Deep Tech
- Machine Learning
- SaaS
- Davis Square, Somerville, MA
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Company mission
To reduce the cost and increase the performance of end-users deploying deep learning applications.
Our take
The edge AI market has expanded exponentially, but hardware solutions like GPUs can result in added costs due to the complexities they introduce into hardware and software infrastructures. Neural Magic has developed an interface engine that runs at GPU speeds but is compatible with already running computer CPUs, reducing costs while speeding up processes.
Since the company’s launch in 2019, new startups including NeuReality, Deci, and Deep Cube have emerged. While these startups offer some sort of edge AI software, the scope of Neural Magic’s optimized models provides leading support for data scientists, engineers, and developers.
Funding secured will help advance operations and further Neural Magic's business reach. As the first company to offer free open-source modelling in an expanding and lucrative market, the company is well positioned to be a leading force in machine learning acceleration.
Steph
Company Specialist at Welcome to the Jungle
Benefits
- Training & Development
- Medical/Dental/Vision Insurance
- 401(k) & IRA
- Paid Time Off (Vacation, Sick & Public Holidays)
- Stock Option Plan
- Family Leave
- Short Term & Long Term Disability
- Work From Home
- Free Food and Snacks
- Wellness Resources
Funding (last 2 of 3 rounds)
Oct 2021
$30m
SERIES A
Nov 2019
$15m
SEED
Total funding: $50m
This company has top investors
Leadership
Alex Matveev
(CTO)Former Research Scientist and Postdoctoral Associate at MIT. Received their PhD in Computer Science from Tel Aviv University.
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Jobs (3)
Software Engineering