
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”
| Company |
|---|
We're looking for the second member of our Platform Engineering team to build, scale and own the infrastructure that powers Magentic's AI procurement solution. We have a very ambitious product vision, but we’re early in our building journey and are looking for an experienced Platform Engineer to build a best in class infrastructure from the ground up. This is a rare opportunity to join early enough to help build a high-quality rocket ship, rather than rebuild it in flight.
We’re pushing the boundaries of AI with next-generation agentic systems that can manage entire procurement workflows. Our mission is to make global manufacturing supply chains robust to an ever-changing world - that’s a $3tn market opportunity.
If that’s not exciting enough - we’re backed by world-class investors including Sequoia Capital, and you’d be working along a super talented team which brings together expertise from OpenAI, Meta, Revolut, NASA and McKinsey (and that’s just the first 11 people!).
You Might Be a Great Fit if You
Bonus Points
Compensation and Benefits
At Magentic, we recognise and reward the talent that drives our success. We offer: