Magentic
Digital workers for the physical world
London, United Kingdom · Founded 2025 · $23.5M raised
- Headquarters
- London
- Employees
- 1–10
- Founded
- 2025
- Business Model
- B2B
- Website
- magentic.com
- Total Funding
- $23.5M
- Last Round
- $18.0M Series ASep 2026
- Rounds
- 2
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
Indexed holds 2 funding rounds and 3 investors for this company. The full record is or through the API.
About
Magentic provides AI agents that take on procurement and supply chain work for global manufacturers. Trusted globally by AI-forward enterprises, Magentic connects contracts, ERP, invoices, emails, and spreadsheets into one procurement data model. Magentic takes on a whole job and runs it end to end, reviewing spend and contracts, pulling in benchmarks, calculating the savings, and preparing and sending the supplier message.
Summary
Magentic is an Artificial Intelligence company based in London, United Kingdom, founded in 2025. It has raised $23.5M in total across 2 rounds, most recently a $18.0M Series A round in Sep 2026. Investors include Sequoia Capital, First Momentum Ventures and The Westly Group.
Tech & App Stack
8 technologies & apps tracked
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Funding History
Sep 2026
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Funding: Seed through Series A. Amounts, valuations, and investors where available.
Investors
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