Magentic builds digital workers, called Mages, that work alongside procurement and supply chain teams at large industrial and manufacturing enterprises. Rather than adding another software dashboard, Mages take action: reconciling contracts, auditing supplier performance, and identifying discrepancies with supporting evidence, while keeping humans in the loop at key decision points. Founded by Robin Van Aeken (CEO) and Odhran O'Donoghue (CTO), Magentic launched in July 2025, is based in London and New York, and is backed by Sequoia Capital, Felicis, and The Westly Group.
Magentic: Venture Capital Funding History
Magentic
News from Magentic


Magentic
17 Sept 2026
Magentic closes £13m Series A led by Felicis to put AI workers inside the procurement teams of global manufacturers
Magentic builds digital workers, called Mages, that work within procurement and supply chain teams at large industrial and manufacturing enterprises. Working through Microsoft Teams, email and a customer's own systems, the agents choose suppliers, negotiate contracts, run orders and clear invoices, while people keep control of key decisions.


Magentic
22 Jul 2025
Magentic emerges from stealth with £4m seed led by Sequoia Capital to drive AI savings across global supply chain
Magentic builds AI agents for procurement teams that analyse unstructured supply chain data to identify errors, compliance gaps and cost-saving opportunities across complex manufacturing operations.
Magentic
- Supply Chain
- London, United Kingdom
- £17m
- magentic.com
- Update Information
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