# Neuralmagic

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/neuralmagic

- Industry: Software
- Headquarters: Somerville, US
- Website: www.neuralmagic.com
- Total disclosed funding: $44M
- Latest round: Series A (Oct 5, 2021)
- Investors on record: 6

## About

Neuralmagic, Inc. is a US-based company specializing in optimizing the performance of artificial intelligence models, focusing on advanced software solutions for large language models and other AI applications.Founded in 2018 and headquartered in Somerville, US, Neuralmagic, Inc. focuses on enhancing AI model efficiency through innovative software solutions. The company has completed four deals and successfully raised a total of USD 28.81 mn through its latest funding round, Series A, led by New Enterprise Associates, alongside investors such as Amdocs, Inc. and Andreessen Horowitz. The current CEO is Brian Stevens, with Alex Matveev as the founder, who has prior entrepreneurial experience.Neuralmagic specializes in providing advanced products aimed at optimizing the performance and efficiency of artificial intelligence models, particularly large language models (LLMs). The company’s core offerings include the nm-vllm enterprise inference server, designed for LLMs running on GPUs, and DeepSparse, a sparsity-aware inference server optimized for LLMs, computer vision (CV), and natural language processing (NLP) models on CPU infrastructure. Additionally, Neuralmagic Compress caters to enterprises seeking to build and deploy efficient generative AI models through a developer subscription model. The company’s solutions are marketed primarily in North America and Europe, leveraging partnerships with platforms like Hugging Face for rapid deployment of optimized AI solutions.Neuralmagic operates a subscription-based revenue model, where clients engage in partnerships for deploying tailored inference solutions. Businesses subscribe to products like nm-vllm and DeepSparse, accessing advanced capabilities for AI model inference and optimization. The pricing structures align with deployment scale and type of subscription chosen, ensuring that enterprises can leverage AI technologies effectively without incurring excessive hardware costs.In November 2024, RedHat Inc., a portfolio company of Grumman Hill Group, agreed to acquire Neuralmagic, Inc. from its investors for an undisclosed amount. This acquisition enables RedHat Inc. to enhance its capability to support LLM deployments by integrating Neuralmagic’s enterprise-grade inference stack solutions. The funding from the acquisition is expected to support Neuralmagic's future developments, including launching new products and expanding market presence.

## Funding rounds

- Series A, Oct 5, 2021, $29M — New Enterprise Associates, Comcast Ventures, Andreessen Horowitz, Amdocs, Inc., Pillar, Ridgeline Ventures
- Seed, Nov 6, 2019, $15M — New Enterprise Associates, Comcast Ventures, Andreessen Horowitz, Amdocs, Inc., Pillar

## Investors

- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Seed, Series A
- Comcast Ventures (https://capitalatlas.ai/funds/comcast-ventures) — Seed, Series A
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Seed, Series A
- Amdocs, Inc. — Seed, Series A
- Pillar (https://capitalatlas.ai/funds/pillar) — Seed, Series A
- Ridgeline Ventures (https://capitalatlas.ai/funds/ridgeline-ventures) — Series A