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Magentic

Founded 2024 · 31 employees on LinkedIn · 5 known investors

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Magentic builds an AI agent platform for procurement and supply chain, offering AI "teammates" (called Mages) that use a company's existing software and ERP systems to handle manual workflows such as supplier follow-up, invoice updates, and price negotiation prep. It is aimed at global manufacturers, with a no-cure-no-pay pricing model tied to measured savings.

Advanced ManufacturingAI & Machine LearningEnterprise Software

Founders & leadership

Magentic was founded in 2024 by Robin Van Aeken.

RVRobin Van Aeken
Robin Van AekenCo-Founder & CEO

Investors · 5

Felicis Ventureslisted by Felicis VenturesSan Francisco · $500K – $15M

How we know: clairezau.substack.com · magentic.com · felicis.com · Not right? Tell us

Sequoia Capitallisted by Sequoia CapitalMenlo Park · $100K – $50M

How we know: Sequoia Capital's portfolio page · funding news · clairezau.substack.com · eu-startups.com · Not right? Tell us

The Westly Grouplisted by The Westly GroupMenlo Park · $500K – $15M

How we know: The Westly Group's portfolio page · magentic.com · the VCSheet dataset · Not right? Tell us

First MomentumreportedKarlsruhe · $216K – $1.1M

How we know: eu-startups.com · the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us

Funding

SEC filings, press & company announcements

$18M disclosed across 1 round · 2026

Source: company announcements and press reports — follow each round's link for the claim.

Related companies · 4

UgenticAIUgenticAI builds an agentic personal brand platform that creates AI clones of experts and entrepreneurs — replicating their voice, image, video, and knowledge to generate and distribute on-brand content across social platforms and content sites. It targets entrepreneurs and creators who want an automated marketing presence without a large marketing team.
JenticJentic offers a platform for assessing APIs and deploying them into production, aimed at developers and technical teams. It focuses on tooling for API integration and agent/AI workflows.
AgenticAgentic.ai is a curated directory and evaluation platform for agentic AI tools, scoring each for autonomy, decision-making, and real-world action capabilities. The platform also builds its own agentic AI products (Agentic News, Decomposer, BuddhaUR, Reframed.News) and publishes expert guides for consumers and teams selecting appropriate AI agents.
NeticNetic builds production-grade AI systems that automate end-to-end workflows for essential service industries including home services, automotive, and consumer healthcare. The company deploys multimodal AI across speech, text, and data to modernize business operations for large enterprises that have been left behind by earlier digital transformation waves.

Companies working in the same space as Magentic.

In the news

Magentic raises $18M to build the AI workforce for the physical world - Magenticmagentic.com · Sep 2026UK AI startup Magentic launches with €4.7M from Sequoia Capital, others to slash supply chain waste - Silicon Canalssiliconcanals.com · Jul 2025Magentic Raises $5.5 Million for AI Agents for Supply Chains | PYMNTS.compymnts.com · Jul 2025Magentic Raises $5.5M to Meet Demand for AI-driven Savings in Tariff-hit Supply Chainsprnewswire.com · Jul 2025AI agents hit the supply chain: British AI startup Magentic raises €4.6 million to scale enterprise automation | EU-Startupseu-startups.com · Jul 2025

Frequently asked questions

What does Magentic do?
Magentic builds an AI agent platform for procurement and supply chain, offering AI "teammates" (called Mages) that use a company's existing software and ERP systems to handle manual workflows such as supplier follow-up, invoice updates, and price negotiation prep. It is aimed at global manufacturers, with a no-cure-no-pay pricing model tied to measured savings.
Who founded Magentic?
Magentic was founded by Robin Van Aeken in 2024.
Who are Magentic's investors?
Magentic's investors include Actia Partners, Felicis Ventures, Sequoia Capital, The Westly Group, First Momentum.
How much funding has Magentic raised?
Magentic has disclosed $18M raised across 1 round.