Magentic raised an $18 million Series A led by Felicis to expand its AI agents into a broader workforce for global manufacturers.
- Amount
- $18M
- Stage
- Series A
- Announced
- 17 September 2026
- Lead
- Felicis
- Other investors
- Sequoia Capital, The Westly Group
- Use of funds
- Accelerate development of its AI agents, extend the platform across more procurement and supply chain workflows, and support research into complex optimisation problems.
- Checked
- Announced by the company