About the Startup
Magentic is developing a platform powered by AI agents, known as 'Mages', to optimize global supply chains and procurement processes. These agents integrate fully with procurement and supply chain departments, automating tasks like contract review and data management to identify significant savings opportunities.
Frequently Asked Questions
What type of funding round did Magentic raise?
Magentic raised a seed round.
How much did Magentic raise in its seed?
Magentic raised $5,500,000 USD in its seed.
When did Magentic raise its seed?
Magentic raised its seed on 2025-07-24.
Who invested in Magentic's seed?
The investors in Magentic's seed are: Sequoia Capital, First Momentum, Westly Group.
What type of investment was Magentic's seed?
Magentic's seed was a equity investment.