Magentic's AI agents, called Mages, automate procurement and operational workflows for industrial manufacturers, identifying savings across the buying cycle. The London-based startup raised a EUR 15.7 million Series A led by Felicis.
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€15,700,000
Total raised
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Valuation
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Employees
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Founded
Latest round
Series A - September 17, 2026
Series A - €15,700,000
September 17, 2026 · Read the story
Sequoia Capital, The Westly Group, Borusan Ventures. Announced as USD 18,000,000; converted at live rate 0.870565 (xe.com, 2026-09-18).
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