When was Neural Magic founded?

Neural Magic was founded in 2018.

Where is Neural Magic located?

Neural Magic is headquartered in Cambridge, United States.

Who is the current CEO of Neural Magic?

Brian Stevens of Neural Magic. They are also an angel investors in 1 startup.

How many employees does Neural Magic have?

As of Apr 30, 2026, the latest employee count at Neural Magic is 16.

Is Neural Magic a funded company?

Neural Magic is a funded company, having raised a total of $50M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round.

When was the latest funding round of Neural Magic?

Neural Magic's latest funding was a $***** Series A round on Oct 05, 2021, with participation from 6 investors.

Where does Neural Magic rank among its competitors?

Neural Magic ranks 444th amongst 66889 active competitors, of which 560 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Guidde, which secured $50M in Feb, 2026.

Who are the top competitors of Neural Magic?

Neural Magic's top competitors include GirnarSOFT, Hedgehog lab and Unicorn. Among them, Guidde secured the most recent funding round in February, 2026.

Neural Magic - 2026 Company Profile, Team, Funding & Competitors

Neural Magic is an acquired company based in Cambridge (United States), founded in 2018 by Alexander Matveev. It operates as a Provides software development services. Neural Magic has raised $50M in funding from New Enterprise Associates and Comcast Ventures. The company has 66889 active competitors, including 560 funded and 1927 that have exited. Its top competitors include companies like GirnarSOFT, Hedgehog lab and Unicorn.

Company Details

Website: neuralmagic.com
Social
Email ID: *****@neuralmagic.com

Key Metrics

Founded Year

2018

Location

Cambridge, United States

Stage

Acquired

Total Funding

$50M in 3 rounds

Latest Funding Round

Series A, Oct 05, 2021, $*****

Investors

New Enterprise Associates & 7 more

Ranked

444^th among 66889 active competitors

Employee Count

16 as on Apr 30, 2026

Similar Companies

Unicorn & 15427 more

Exit Details

Acquired by Red Hat (Nov 12, 2024)

View Neural Magic's full profile

Neural Magic got acquired by Red Hat on Nov 12, 2024.

Click here to take a look at Neural Magic's acquisition in detail

Neural Magic has raised a total funding of $50M over 3 rounds. Its latest funding round was a Series A round on Oct 05, 2021 for $*****. 6 investors participated in its latest round. Neural Magic has 8 institutional investors.

Here is the list of recent funding rounds of Neural Magic:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 05, 2021	4405340	Series A	2175749	4269797	7119306	6029019
Nov 07, 2019	4704564	Seed	5918798	4967311	Comcast Ventures	Pillar VC & 3 more

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View details of Neural Magic's funding rounds and investors

The founders of Neural Magic is Alexander Matveev.

Here are the details of Neural Magic's key team members:

Alexander Matveev: Founder of Neural Magic.
Brian Stevens: CEO of Neural Magic. They are also an angel investor in 1 startup.

View details of Neural Magic's Founder profiles and Board Members

Neural Magic's employee count trend

Neural Magic has 16 employees as of Apr 26. Here is Neural Magic's employee count trend over the years:

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Top competitors of Neural Magic include GirnarSOFT, Hedgehog lab and Unicorn. Here is the list of Top 10 competitors of Neural Magic, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	GirnarSOFT 2007, Jaipur (India), Series E	Provider of website, web & mobile application development, BI, and digital marketing services	$620M	Peak XV Partners, Hillhouse & 40 others	78/100
2nd	Hedgehog lab 2007, Newcastle Upon Tyne (United Kingdom), Series A	Provider of mobile application development and UX design services	$9.49M	Maven Capital Partners, BGF & 1 others	64/100
3rd	Unicorn 1990, Prague (Czech Republic), Acquired	Provider of software development services	$12M	Israel Seed Partners, iAngels & 3 others	63/100
4th	Dye & Durham Corp. 1874, New Westminster (Canada), Public	Provider of cloud-based legal practice management and fintech software	$25M	-	63/100
5th	Digia 2005, Helsinki (Finland), Public	Software development service provider	-	Investor Growth Capital	63/100
6th	Kontron 1959, Ismaning (Germany), Public	Developer of embedded computing platforms	$34.6M	Warburg Pincus, BC Partners & 3 others	60/100
7th	Guidde 2020, Belmont (United States), Series B	Cloud-based platform for knowledge management	$80.6M	Norwest, Qualcomm Ventures & 10 others	60/100
8th	Opencast Software 2012, Newcastle Upon Tyne (United Kingdom), Unfunded	Software development, technology consultancy and staff augmentation services	-	-	59/100
9th	AKQA 1994, Riyadh (Saudi Arabia), Acquired	Provider of digital marketing and creative services	$8.74M	Preserve Capital Group, H-FARM	59/100
10th	SUPER STUDIO 2014, Meguro City (Japan), Series A	Provider of software development and UI design services	$11.7M	MUFG Innovation Partners, 31VENTURES & 4 others	59/100
444th	Neural Magic 2018, Cambridge (United States), Acquired	Provides software development services	$50M	New Enterprise Associates, Comcast Ventures ... & 6 others	39/100