Magentic, a London, UK-based supplier of an AI agent platform that hunts and delivers financial savings throughout world manufacturing provide chains, raised $5.5M funding.
The spherical was led by Sequoia Capital with participation from The Westly Group, First Momentum Ventures, and angel buyers from SAP, Airbus, McKinsey & Firm, Hugging Face, Ironclad, and Rosberg Ventures.
The corporate intends to make use of the funds to develop operations and its improvement efforts.
Based by Robin Van Aeken and Odhran O’Donoghue, Magentic deploys procurement and provide chain domain-specific AI teammates into operations. These AI brokers are designed to seek out, prioritize, and ship exhausting financial savings, even in messy, unstructured environments the place grasp information is incomplete or inconsistent.
Its shoppers function for the buyer packaged items, pharmaceutical, and tip manufacturing industries in the US and Europe. They deploy new AI groups to arrange and meet provider pricing requests, determine one of the best financial alternatives, and execute on a case-by-case foundation, at all times with human intervention.
FinSMEs
22/07/2025
