Magentic Raises $18M Series A

Magentic, a London- and New York-based AI company developing digital workers for industrial operations, has raised $18 million in Series A funding to expand its AI workforce for global manufacturers.

Investors

The round was led by Felicis, with participation from existing investors Sequoia Capital and The Westly Group.

Magentic Use of Funds

Magentic will use the new funding to accelerate its AI agent roadmap, expand coverage across procurement and supply chain workflows, and advance long-horizon AI research focused on complex optimization problems in procurement and supply chains.

About Magentic

Founded in 2025 by Robin Van Aeken (CEO) and Odhran O'Donoghue (CTO), Magentic provides AI digital workers powered by multi-agent systems that operate within the existing systems of large manufacturers. Its AI agents work across Microsoft Teams, email, and enterprise platforms to perform procurement and supply chain tasks end to end, including supplier selection, buy-versus-build decisions, contract negotiations, order management, and invoice clearing.

Funding Details

Company Website: https://magentic.com

Company: Magentic
Raised: $18M
Round: Series A
Funding Date: September 17, 2026
Lead Investor: Felicis
Additional Investors: Sequoia Capital, The Westly Group
Software Category: Artificial Intelligence and Procurement Software
Source: https://www.magentic.com/stories/magentic-raises-18m