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Magnetic

Magnetic

Private
San Francisco, CaliforniaEnterprise Softwarehttps://magnetictax.com/

Last Round

Pre Seed

Jul 1, 2025

Total Funding Raised

$500,000

Momentum

Top 25%

of companies Caplight tracks

Company Overview

Magnetic is a financial software company that provides an AI-powered platform to automate the tax preparation process for CPA firms by scanning and extracting data from client documents directly into tax software.

Sector

Enterprise Software

Verticals

Accounting & Expense, Workflow Automation, Document Management, NLP & Conversational AI

Business Model

B2B

Customer Profile

Usage-Based SaaS, Subscription SaaS

AI Layer

Application

Keywords

tax automationAI tax preparationtax workflow automationAI tax agentdocument intelligenceoptical character recognitionOCRtax software integrationautomated data entryworkpaper automationtax techCPA practice managementvision-language modelVLMaccounting automationAI accounting

Historical Pricing

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Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

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Magnetic Comparables

Compare Magnetic with similar companies based on industry and business-model similarity.

Magnetic comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
Filed
87%
Byron
87%
Black Ore
86%

Magnetic Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
Pre SeedJul 1, 2025

Magnetic Investors

Notable investors and investment history

Magnetic investors
InvestorRounds
Orange CollectivePre Seed
Y CombinatorPre Seed

Market signals

Structured signals derived from secondary market and firmographic data.

  • Jul 26, 2026

    Monthly visitors increased 44% MoM.

  • Mar 25, 2026

    Grew 75% QoQ from 4 to 7 employees.

Magnetic Filings

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Magnetic filings preview — column headings only; records require access
TypeDateAmount OfferedAmount SoldFilingPagesDownload

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Frequently Asked Questions

Common questions about Magnetic's valuation, stock price, and market status.

Is Magnetic a public or private company?

Magnetic is a private company.

What is the current stock price of Magnetic?

Magnetic is a private company with no public stock price. No recent secondary market data is available.

How much is Magnetic worth (valuation)?

Valuation information for Magnetic is not publicly available.

Can I buy Magnetic stock?

Magnetic shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors. Visit https://www.caplight.com to learn more.

When was Magnetic's last funding round?

Magnetic's most recent funding round was Seed on July 16, 2025.

Who are the main investors in Magnetic?

Key investors in Magnetic include Y Combinator.

Will Magnetic IPO soon?

No public IPO plans have been announced for Magnetic.

How can I track Magnetic secondary market activity?

Caplight tracks bids, offers, and trades for private companies. Visit https://www.caplight.com to monitor Magnetic's secondary market activity and sign up for updates.

Firmographic Details

HeadquartersSan Francisco, California
Employee Range6
Year Founded2024
Last FundingJul 1, 2025

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