Magnetic

AI Tax Preparer for CPA firms

Y CombinatorSummer 2025ActiveB2BProductivity

What they do

Problem

CPA and tax preparation firms face severe labor shortages and spend excessive time on manual tax document data entry, limiting their ability to serve clients during tax season.

Solution

Magnetic uses AI to scan and extract data from diverse client tax documents and automatically enter it into tax software to eliminate manual data entry.

Who it's for

CPA firms and tax preparation firms that process client tax returns.

Founders

Thomas Shelley

Founder

Thomas is the co-founder and CEO of Magnetic. He was most recently Head of Product at Keeper (YC W19), where he designed tax engine automation and OCR tax doc scanning systems for the world's first consumer AI tax filing product. Previously, Thomas ran product teams at Niantic and Zynga, and before that dropped out of Carnegie Mellon to build a digital item marketplace.

LinkedIn · X

Patrick Fay

Founder

Patrick is the co-founder and CTO of Magnetic. He was the first engineer at FunCraft, where he shipped 14 new games in four years, including two multi-million dollar hits. Patrick led multiple engineering teams at Zynga, and was ranked #1 in the world for DotA Underlords Duos.