Magentic has raised $18 million in Series A funding to expand its AI agents across procurement and supply chain operations, targeting some of the most complex workflows inside large industrial companies. The round was led by Felicis, with existing investors Sequoia Capital and The Westly Group also participating. It comes roughly a year after the London- and New York-based company launched with a $5.5 million seed round, bringing its reported total funding to $23.5 million. Founded by CEO Robin…
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