# Magentic

> AI digital workers for manufacturer procurement and supply-chain operations inside existing ERP and Teams workflows.

## Why it is interesting

Sequoia-backed industrial agents that already clear million-order workloads for Global 500 manufacturers — Felicis led an $18M Series A one year after a $5.5M Sequoia seed.

## Profile

- **Latest funding:** Series A — $18M (September 2026)
- **Latest known valuation:** Not publicly disclosed
- **Total disclosed equity funding:** $24M
- **Stage:** series-a
- **Status:** private
- **Industries:** N/A
- **Coverage:** full
- **Last updated:** 2026-09-17
- **Latest funding investors:** Felicis, Sequoia Capital, The Westly Group

## Key facts

- Series A (Sep 2026): $18M led by Felicis; Sequoia and Westly returning
- Seed (Jul 2025): $5.5M Sequoia-led (TNW)
- Company: >1M orders/year at one customer; $4M savings at another

## Funding history

- Series A · $18M · September 2026
  Source: Https://www.prnewswire.com/news-releases/magentic-raises-18m-to-build-the-ai-workforce-for-the-physical-world-302882356.html
- Seed · $5.5M · July 2025
  Source: Https://thenextweb.com/news/magentic-18m-series-a-ai-agents-procurement

## Related articles

- https://venturecapitaltracker.com/2026-magentic-18m-series-a-felicis-sequoia-procurement
- https://venturecapitaltracker.com/2026-september-17-18-investment-news-crusoe-mind-kastle

**By:** [Venture Capital Tracker](https://venturecapitaltracker.com/editorial-policy)
**Last updated:** September 17, 2026

**Editorial note:** AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.

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Source: https://venturecapitaltracker.com/startup/magentic