Magentic provides domain-specific AI teammates that hunt down, prioritize, and deliver hard savings in procurement and supply-chain operations, even when data is messy or master data is incomplete. The platform deploys off-the-shelf AI agents into operations to identify supplier compliance value leaks, tariff exposures, and P&L-impacting errors. One Magentic partner found errors in one in four procurement documents; a $30B manufacturer saved 4% on machinery spare-parts procurement and is expanding use to other spend categories. Customers span consumer packaged goods, pharmaceutical, and advanced manufacturing sectors across the US and Europe. The company is rolling out new AI teammates to prepare and defend against supplier tariff claims, find additional savings opportunities, and operate end-to-end with humans in the loop. Founders Robin Van Aeken (CEO) and Odhran O'Donoghue (CTO) combine procurement expertise and world-class AI engineering—Van Aeken led manufacturing teams at McKinsey & Company and O'Donoghue holds a PhD in Machine Learning from the University of Oxford and led advanced AI projects at OpenAI, NASA, and the Crick Institute. Magentic aims to automate operations while keeping human strategic oversight central.

Total raised

$6M

Funding rounds

1

Latest round

Equity

Latest activity

Jul 2025