About Magentic
Magentic is a Technology company based in New York (United States) founded in 2024. AI teammates are provided for supply chain and procurement teams. Magentic has raised $24.2 million across 3 funding rounds from investors including Sequoia Capital, The Westly Group and First Momentum. Its focus areas include Enterprise Applications, SCM Software, Planning & Analytics and Modelling. Its legal entity is Magentic, Inc.
Company details
Magentic was founded in 2024 in New York, United States, to offer AI teammates in the supply chain and procurement sector. AI-powered digital workers are integrated into existing teams, where company software is utilized to process emails, search for data, and manage large file volumes. Multi-field expertise is incorporated for transparency and robustness in the systems. Data security and industry-standard compliance are ensured throughout operations.
- Headquarters New York, United States
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website magentic.com
- Social LinkedIn
- Legal Name Magentic, Inc
- Total Equity Funding$24.2M (USD)
in 3 rounds
- Latest Funding Round$18M (USD), Series A
Sep 2026
- InvestorsSequoia Capital
& 3 more
Funding Insights of Magentic
Magentic has successfully raised a total of $24.2M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $18 million completed in September 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $24.2M
- Total Rounds 3
- Last Round Series A — $18M
- First Round $5.5M
(Jul 2025)
- Investors Count 4
All 3 funding rounds of Magentic with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2026 | $18M | Series A | – | – | |
| May 2026 | $695,000 | Series A | – | – | – |
| Jul 2025 | $5.5M | Series A | – | Sequoia Capital |
4 investors in total: 4 institutional.
Investors in Magentic
Magentic has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Sequoia Capital, The Westly Group and First Momentum.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Sequoia Capital is engaged in venture capital investments. | 1972 | sequoiacap.com | ||
US focused VC firm | westlygroup.com | Menlo Park, United States | ||
Venture capital investments are made in early-stage deep tech startups. | 2015 | firstmomentum.vc | ||
Venture capital investments are made through funds and angel opportunities. | rosberg.ventures |
Investor details for Magentic
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Magentic
3 dated milestones of Magentic across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Magentic is founded.
- Funding First funding round of $5.5M.
- Funding Latest funding round, Series A, of $18.0M.
Web traffic of Magentic
The website of Magentic (magentic.com) receives about 6K visits a month.
- Monthly visits6K
▼ 26.2% vs previous month
Websites whose visitors overlap most with Magentic. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
hiyo.com | hiyo.com | 100% | – | ||
jpegwallpapers.com | jpegwallpapers.com | 94% | – | ||
| freedownloadscenter.com | 88% | #196,015 | View details | ||
appleblossomart.net | appleblossomart.net | 87% | – | ||
blirk.net | blirk.net | 78% | – | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 15 similar websites and full traffic analytics for Magentic
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 15 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Procurement & Supply Chain IT
3 companies that operate in the same segment as Magentic (Procurement & Supply Chain IT) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based end-to-end spend management software is delivered for businesses. | 2006 | San Mateo, California, United States | USD 169 M | USD 39.68 M | 3,711 | |
Cloud-based positioning solutions are offered for industrial sectors. | 1978 | Sunnyvale, California, United States | USD 3.59 B | 12,100 | ||
Zebra Technologies is recognized for providing intelligent operation solutions globally. | 1969 | Lincolnshire, Illinois, United States | USD 5.43 B | 9,900 |
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Related news about Magentic
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Frequently Asked Questions about Magentic
Magentic was founded in 2024 and raised its 1st funding round 1 year after it was founded.
Magentic is headquartered in New York, United States. It is registered at New York, New York, United States.
Magentic is a funded company, having raised a total of $24.2M across 3 funding rounds to date. The company's 1st funding round was a Series A of $5.5M, raised on Jul 2025.
Magentic was founded in 2024 in New York, United States, to offer AI teammates in the supply chain and procurement sector. AI-powered digital workers are integrated into existing teams, where company software is utilized to process emails, search for data, and manage large file volumes. Multi-field expertise is incorporated for transparency and robustness in the systems. Data security and industry-standard compliance are ensured throughout operations.
Magentic has 4 investors. Key investors include Sequoia Capital, The Westly Group, First Momentum, and Rosberg Ventures.
Magentic operates through Magentic, Inc.