Magentic
The AI Agent Platform for the world’s supply chains
HQRemote
Team Size30
Open JobsUnknown
Total Funding$6M
Latest Fundraise8 months ago
The AI Agent Platform for the world’s supply chains
Product: AI agent platform ('Mages') for procurement and supply-chain cost savings
Founded: 2024
Team size: ~30 employees
Latest funding: Seed $5.5M (Jul 22, 2025)
Compliance: SOC 2, ISO 27001, GDPR
Procurement and supply-chain cost leakage, contract and transaction errors for manufacturers
2024
Supply chain / Procurement AI
$5,500,000
Other investors include First Momentum Ventures and The Westly Group
“Participation from Sequoia Capital and specialized investors indicates venture interest in B2B AI for industrial procurement”