Overview
AI digital workers executing procurement and supply-chain work for manufacturers.
What Magentic does
Magentic supplies AI digital workers, called Mages, for procurement and supply-chain teams. They connect information from contracts, ERP systems, invoices, emails and spreadsheets into a shared view of suppliers, parts and purchasing activity.
The workers support category strategy, purchasing controls and value recovery. They compare equivalent materials, check requisitions against negotiated terms and identify price deviations, missed rebates and other supplier obligations that have not been applied.
Magentic is designed to carry a workflow beyond finding an opportunity. Its agents gather evidence, calculate the relevant savings and prepare or send supplier communications within the customer’s controls. Manufacturing procurement teams use it as an execution layer alongside their existing systems.
Company details
- Stage
- Series A
- Funding
- $18 million Series A (September 2026)
Founders & leadership
Investors & backers
Magentic announced an $18 million Series A led by Felicis on September 17, 2026, alongside existing investors Sequoia Capital and The Westly Group.
- Felicis
Sequoia Capital- The Westly Group
