London’s Magentic raises $18M to build AI agents that diagnose, plan, and act across terabytes of procurement data
Tech Funding News Sofia Chesnokova ● Covered by 2 sources
Magentic, a London startup, raised $18 million in Series A funding to build AI agents that diagnose, plan, and act on procurement and supply-chain workflows for manufacturers. Felicis led the round, part of $23.5 million in total funding over 14 months. The company says it will expand coverage to more procurement workflows and fund longer-term AI research into complex optimization problems.
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Robin Van Aeken and Odhran O’Donoghue first met when they were both winning hackathons at Oxford. Seven years…
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