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Magentic

Founded 2024 · 31 employees on LinkedIn · 3 known investors

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.

Investors · 3

Competitors · 3

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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 are Magentic's investors?
Magentic's investors include The Westly Group, First Momentum, Sequoia Capital.