Magentic raises $18M to put AI agents to work in manufacturers’ supply chains

Magentic raises $18M to put AI agents to work in manufacturers’ supply chains

The London-based Magentic, a start-up building AI agents for procurement and supply chain teams at large manufacturers, has raised $18M in a Series A round today, led by Felicis. Sequoia Capital and The Westly Group, which were existing investors, also took part. Also, this round comes a year after the company launched in July 2025, […] This story continues at The Next Web

Magentic raises $18M to automate industrial operations with AI agents

Magentic, a provider of AI-powered digital workers for industrialcompanies, has raised $18 million in Series A funding, a year after its launch.The round was led by Felicis, with participation from ex...

London’s Magentic raises $18M to build AI agents that diagnose, plan, and act across terabytes of procurement data

Magentic has raised $18 million in its Series A funding round, with Felicis as the lead and Sequoia and the Westly Group also participating. Magentic’s AI agents carry out more than one million purchase orders every year for a single manufacturer. Since its launch, Magentic has raised a total of $23.5 million in just 14 months, including its most recent funding round. Robin Van Aeken and Odhran O’Donoghue first met when they were both winning ha…