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Magnetic
Magnetic

Magnetic

AI Tax Preparer for CPA firms.

HQ
San Francisco, CA, US
Accelerator
Y Combinator logoY CombinatorS25
Overview
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Employees

Magnetic scans client documents - from handwritten charity notes to excel spreadsheet Schedule Cs to multi-state K-1s - and enters them into tax software automatically, saving hours of tedious data entry. The accounting profession is facing a massive talent shortage, as graduates choose different professions and the old guard begins to retire. As a result, CPA and tax preparation firms are awash in clientele, but unable to keep up.

At Keeper, he leveraged early access to OpenAI's LLMs (well before ChatGPT) to build systems that automated the entire tax filing process, allowing a tiny team of CPAs to process thousands of returns with near zero busy work. Patrick was the first engineer at FunCraft, shipping multiple mobile games with 1M+ downloads and building scalable shared codebases. We've worked together since 2017, including co-leading multiple teams at Zynga as PM & Tech Lead respectively.

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Magnetic - Quick Facts

Who are Magnetic's competitors?

Companies similar to Magnetic include Rally Tax, Minerva, Bluebook and Cifrato.

Where is Magnetic's headquarters located?

Magnetic's headquarters is located in San Francisco, CA, US.