Magentic raises a $18.0M Series A round

Magentic is an AI agent platform that identifies savings across global manufacturing supply chains. It integrates ready-to-use AI agents tailored for procurement and supply chain operations, aimed at uncovering and capturing savings in complex environments. The company serves various industries including consumer packaged goods, pharmaceuticals, and advanced manufacturing. Its technology allows companies to improve outcomes for their suppliers and customers while keeping human expertise at the forefront.