Neural Magic (Acquired by Red Hat)
Software DevelopmentMassachusetts, United States51-200 Employees
Deliver AI value with the resources you have, the insights you own, and the freedom you need.
Strategic Acquisition Neural Magic's recent acquisitions by industry giants Red Hat and IBM Signal strong interest in its AI optimization technology, presenting opportunities to position complementary solutions or enhance existing AI deployment offerings.
Innovative Tool Launches The company’s recent release of Neural Magic Compress and GuideLLM indicates a focus on scalable AI model deployment and optimization, ideal for targeting enterprise clients seeking cost-effective and efficient generative AI solutions.
Growing Market Presence With collaborations involving prominent research institutes and industry partners like Cerebras Systems, Neural Magic is establishing credibility in cutting-edge AI compression and optimization, opening doors for partnerships with other tech companies and research institutions.
Funding and Revenue Despite a relatively modest revenue of up to 10 million USD with 30 million USD in funding, the company’s technological advancements and recent strategic moves suggest strong growth potential to target enterprises looking to leverage AI efficiency gains.
Market Positioning Operating in a competitive AI optimization space with notable peers, Neural Magic’s focus on open source innovations and enterprise solutions provides an opportunity to position new products to mid-size and large organizations seeking to reduce AI infrastructure costs.
Neural Magic (Acquired by Red Hat) uses 8 technology products and services including Google Ads, Jenkins, NoSQL, and more. Explore Neural Magic (Acquired by Red Hat)'s tech stack below.
| Neural Magic (Acquired by Red Hat) Email Formats | Percentage |
| First@neuralmagic.com | 71% |
| FLast@neuralmagic.com | 14% |
| First.Last@neuralmagic.com | 10% |
| Last@neuralmagic.com | 5% |
Software DevelopmentMassachusetts, United States51-200 Employees
Deliver AI value with the resources you have, the insights you own, and the freedom you need.
Neural Magic (Acquired by Red Hat) has raised a total of $30M of funding over 3 rounds. Their latest funding round was raised on Oct 05, 2021 in the amount of $30M.
Neural Magic (Acquired by Red Hat)'s revenue is estimated to be in the range of $1M$10M
Neural Magic (Acquired by Red Hat) has raised a total of $30M of funding over 3 rounds. Their latest funding round was raised on Oct 05, 2021 in the amount of $30M.
Neural Magic (Acquired by Red Hat)'s revenue is estimated to be in the range of $1M$10M