Magentic Raises $18M to Scale AI Digital Workforce for Manufacturers
Image
London – September 19, 2026 -- Magentic, a London and New York-based provider of AI digital workers for industrial operations, has closed an $18 million Series A round led by Felicis, with participation from existing backers Sequoia Capital and The Westly Group. The raise comes one year after the company's July 2025 launch and will fund expansion of its AI agent workforce for procurement and supply chain teams at large manufacturers.