Today, we’re excited to share a big milestone on our journey: Magentic has raised $5.5 million from Sequoia Capital, First Momentum, and The Westly Group.

Robin, Odhran and their team have created AI "Mages" that work seamlessly alongside procurement teams to clarify and simplify supply chains - helping enterprises save time and money.

We’ve joined Sequoia and The Westly Group in backing Magentic, which is building enterprise-grade AI agents that autonomously recover millions in lost procurement value. Founded by a supply chain veteran and an ex-OpenAI engineer, Magentic combines deep domain expertise with cutting-edge technical execution.

We’re thrilled to share The Westly Group is investing in Magentic’s $5.5M Seed round, alongside Sequoia Capital and First Momentum Ventures.

Magentic uses AI agents to cut hidden costs in supply chains, helping companies boost efficiency while keeping human oversight at the centre.

The fundraise, with participation from The Westly Group, First Momentum Ventures, and angel investors from SAP, Airbus, McKinsey & Company, Hugging Face, Ironclad, and Rosberg Ventures, will accelerate the team’s growth.

"Supply chains are the hidden engines of our world, responsible for every phone, medicine, and plane in our lives," said Robin Van Aeken, Magentic's co-founder and CEO. "Procurement teams are at breaking point, spending hours navigating unstructured information, ever more complex demands, and now global conflict and tariffs."

Magentic, the AI Agent Platform that hunts and delivers savings across global manufacturing supply chains, today announced a $5.5 million funding round led by Sequoia Capital.

Europe is home to 35,000 early stage startups, more than any other region. If you’re a founder at the start of your journey at the seed stage, or even earlier, it’s tough to stand out. So much of the airtime is consumed by the big, established players.

Magentic, an AI platform that helps global manufacturers find cost savings, has raised $5.5 million to grow its team and scale operations.

Magentic, a London, UK-based provider of an AI agent platform that hunts and delivers savings across global manufacturing supply chains, raised $5.5M funding.