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Venture Capital News: Neural Magic Announces $30M Series A Funding

2021-10-06
SOMERVILLE, MA, Neural Magic, an AI company, announced a $30 million Series A funding round led by NEA.
Neural Magic, an AI company building a software platform for deep learning inference, announced a $30 million Series A funding round led by NEA with participation from Andreessen Horowitz, Amdocs, Comcast Ventures, Pillar VC and Ridgeline Ventures.

Born out of MIT, Neural Magic creates algorithms and tools that bring software, rather than specialized hardware, to the center stage in machine learning (ML) infrastructure.
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