
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 company software, data stores, and ERP systems to handle email, data search, and processing of large volumes of files. Magentic is a B2B SaaS AI agent platform built on OpenAI models and other AI technologies, emphasizing safety, transparency, and enterprise-grade security (SOC 2, ISO 27001, GDPR). The company uses a no-cure-no-pay pricing model and targets global manufacturers and procurement organizations seeking measurable, fast ROI.

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 company software, data stores, and ERP systems to handle email, data search, and processing of large volumes of files. Magentic is a B2B SaaS AI agent platform built on OpenAI models and other AI technologies, emphasizing safety, transparency, and enterprise-grade security (SOC 2, ISO 27001, GDPR). The company uses a no-cure-no-pay pricing model and targets global manufacturers and procurement organizations seeking measurable, fast ROI.
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
Supply chain and procurement inefficiencies in manufacturing (missed discounts, billing errors, contract/transactional document issues).
2024
Data and Analytics
$5.5M
Other investors include First Momentum Ventures and The Westly Group
“Seed round led by Sequoia Capital with participation from First Momentum Ventures and The Westly Group”
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