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Magentic
Magentic provides AI teammates called 'Mages' that help supply chain and procurement teams identify and capture P&L savings. The platform deploys AI-powered digital workers that integrate with…
Magentic
Magentic provides AI teammates called 'Mages' that help supply chain and procurement teams identify and capture P&L savings. The platform deploys AI-powered digital workers that integrate with…
TL;DR
Product: AI agent platform deploying "Mages" to automate procurement and supply‑chain workflows
Target market: Global manufacturers and procurement organizations
Funding: $5.5M seed (Jul 22, 2025) led by Sequoia Capital
Founders: Robin Aeken (CEO) and Odhran O'Donoghue (CTO)
Pricing: No‑cure‑no‑pay model focused on measurable ROI
Security & compliance: SOC 2, ISO 27001, GDPR; human‑in‑the‑loop controls
Company Overview
Problem Domain
Supply chain and procurement inefficiencies in manufacturing (missed discounts, billing errors, contract/transactional document issues).
Founded
2024
Industry
Data and Analytics
Tech Stack
Funding Track Record
$5.5M
Other investors include First Momentum Ventures and The Westly Group
Investor Signal
“Seed round led by Sequoia Capital with participation from First Momentum Ventures and The Westly Group”
Founders
What we do
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