UK AI startup Magentic launches with €4.7M from Sequoia Capital, others to slash supply chain waste
· Source: siliconcanals.com
In short
London-based Magentic has launched with €4.7M in Seed funding led by Sequoia Capital to develop AI agents for supply chain optimization. The startup targets post-contract inefficiencies, such as unclaimed credits and compliance gaps, aiming to save global manufacturers millions annually. Magentic's platform, already deployed in sectors like pharmaceuticals and advanced manufacturing, ensures transparency with SOC2 Type II and ISO 27001 compliance.
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In the issue of week 30, 2025: AI-Driven Automation and Security Redefine Global Supply Chains
Tags: logistics, automation, procurement, AI, manufacturing, compliance