Magnetic is an AI tax platform that automates data entry from client documents into tax software with high accuracy.
Magnetic has raised $500K in total funding. The most recent round was Pre-Seed. The last funding was announced in July 2025.
Magnetic's investors include Y Combinator.
Magnetic is headquartered in San Francisco, United States.
Magnetic is an AI tax platform that automates data entry from client documents into tax software with high accuracy.
Magnetic is at the Pre-Seed stage.
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"Magnetic — Funding & Investors." VCBacked, July 4, 2025, https://www.vcbacked.co/company/magnetic. Accessed August 14, 2026.
VCBacked. (2025). Magnetic — Funding & Investors. Retrieved August 14, 2026, from https://www.vcbacked.co/company/magnetic
{{cite web |title=Magnetic — Funding & Investors |url=https://www.vcbacked.co/company/magnetic |website=VCBacked |access-date=August 14, 2026}}Profile data sourced and verified per the VCbacked methodology · Last funding round dated