2 TaxTech companies in San Francisco Bay Area.
By the Numbers
Magnetic
San Francisco
Magnetic is building an AI tax preparer for CPA firms, publicly launched in 2025, with $5.2M in funding and ARR in the hundreds of thousands across dozens of firms, aiming to automate tax prep with higher accuracy and better workflow.
TaxGPT
TaxGPT offers an AI co-pilot for tax accountants, claiming to boost productivity and profits by 10x with a proprietary AI model. With 50,000+ users, it aims to transform tax research and compliance and is expanding hiring for sales roles.
