Fundraising Fox
Neural Magic
AcquiredCambridge, US · Founded 2017 · Delaware corporation · 19,505 employees on LinkedIn · 4 known investors
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Neural Magic (now part of Red Hat) offers open source AI infrastructure for deploying, managing, and scaling AI inference, agentic AI workflows, and AI-powered applications across hybrid cloud and various hardware. Its work centers on inference efficiency tools such as vLLM and LLM Compressor for enterprise AI deployment.
Founders & leadership
Neural Magic was founded in 2017 by Alexander Matveev and Nir Shavit.
Board
Investors · 4
How we know: a16z's portfolio · offering press articles · Not right? Tell us
How we know: Comcast Ventures's portfolio page · funding news · offering press articles · the VCSheet dataset · Not right? Tell us
How we know: offering press articles · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Pillar VC's portfolio page · board seat on SEC Form D · offering press articles · Not right? Tell us
Reported raises · per SEC filings
Form D private placements$48.8M disclosed across 3 of 4 rounds · 2018–2025
▶$28.8MraisedDec 2021 · 14 investors · Other TechnologyRule 506(b)
- Brian StevensExecutive Officer, Director
- Offering amount
- $35M
- Amount sold
- $28.8M
- First sale
- Sep 2021
- Incorporated
- Corporation, Delaware, 2017
- Federal exemptions
- 06b
▶$15MraisedNov 2019 · 14 investors · Other TechnologyRule 506(b)
- Jamie GoldsteinDirector
- Brian StevensDirector
- Gil BeydaDirector
- Alexander MatveevExecutive Officer, Director
- Nir ShavitExecutive Officer, Director
- Offering amount
- $15M
- Amount sold
- $15M
- First sale
- Oct 2019
- Incorporated
- Corporation, Delaware, 2017
- Federal exemptions
- 06b
▶$5MraisedMar 2018 · 5 investors · Other TechnologyRule 506(b)
- Alexander MatveevExecutive Officer, Director
- Nir ShavitExecutive Officer, Director
- Jamie GoldsteinDirector
- Offering amount
- $5M
- Amount sold
- $5M
- First sale
- Feb 2018
- Incorporated
- Corporation, Delaware, 2017
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
In the news
Frequently asked questions
- What does Neural Magic do?
- Neural Magic (now part of Red Hat) offers open source AI infrastructure for deploying, managing, and scaling AI inference, agentic AI workflows, and AI-powered applications across hybrid cloud and various hardware. Its work centers on inference efficiency tools such as vLLM and LLM Compressor for enterprise AI deployment.
- Who founded Neural Magic?
- Neural Magic was founded by Alexander Matveev, Nir Shavit in 2017.
- Who are Neural Magic's investors?
- Neural Magic's investors include Andreessen Horowitz, Comcast Ventures, New Enterprise Associates (NEA), Pillar VC.
- How much funding has Neural Magic raised?
- Neural Magic has disclosed $48.8M raised across 3 of its 4 known rounds.
- Where is Neural Magic headquartered?
- Neural Magic is headquartered in Cambridge, US.