Magentic builds AI digital workers for procurement and supply-chain operations at large industrial manufacturers. Their multi-agent systems live inside tools teams already use—Microsoft Teams, email, and internal enterprise systems—to run end-to-end workflows from buy-versus-build decisions to supplier selection, contract negotiation, order management, and invoice processing across indirect and direct spend. The agents integrate into everyday enterprise tools to perform tasks across the procurement lifecycle, reducing the need for context switching. The company targets Global 500 manufacturers facing rising workloads, tariff pressure, and fragmented legacy systems, and aims to expand agent coverage and advance long-horizon industrial AI to improve efficiency and scalability.
Company Size
11-50
Company Stage
Series A
Total Funding
$23.5M
Headquarters
London, United Kingdom
Founded
2024
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