Story thread · 2 reports / 2 sources

Magentic raises $18M to put AI agents to work in manufacturers’ supply chains

thenextweb.com · 3h · first reportShare

The London-based Magentic, a start-up building AI agents for procurement and supply chain teams at large manufacturers, has raised $18M in a Series A round today, led by Felicis. Sequoia Capital and The Westly Group, which were existing investors, also took part. Also, this round comes a year after the company launched in July 2025, […] This story continues at The Next Web