Participation from angel investors from SAP, Airbus, McKinsey & Company, Hugging Face, Ironclad, and Rosberg Ventures.
About Magentic
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.
Unspecified, Unspecified
Read Company ProfileFrequently Asked Questions
What type of funding round did Magentic raise?
Magentic raised a series-a round.
How much did Magentic raise in its series-a?
Magentic raised $5,500,000 USD in its series-a.
What was Magentic's valuation after the series-a?
Magentic was valued at $0 Unspecified after the series-a.
Who invested in Magentic's series-a?
The investors in Magentic's series-a are: Sequoia Capital, The Westly Group, First Momentum Ventures, Angel Investors.
What type of investment was Magentic's series-a?
Magentic's series-a was a equity investment.
How will Magentic use the funds from its series-a?
Magentic plans to use the funds for: Team Expansion, Growth.