Magentic raised $18.0M in Series A funding led by Felicis with participation from existing investors Sequoia Capital and The Westly Group, marking its Series A about a year after launch and a follow-on to earlier backing from Sequoia and Westly Group. The announcement did not disclose specific metrics on clients, revenue, pipeline or employee count. The company plans to use the funds to accelerate development of its AI agents for procurement and operational workflows, extend the platform across additional procurement and supply chain workflows, and support research into AI systems for complex optimization problems across industrial operations.