About the company
Magentic builds an AI agent platform for supply chain and procurement teams, with AI “teammates” the company calls Mages. Magentic says the product is designed to plug into messy enterprise environments like ERPs, then help teams find and execute savings opportunities and workflow fixes. Public announcements show Magentic raised a $5.5M seed round in July 2025, led by Sequoia Capital alongside First Momentum and Westly Group. Magentic positions the company around outcome-based value for manufacturers rather than seat-based software.