The London-based Magentic, a start-up building AI agents for procurement and supply chain teams at large manufacturers, has raised $18M in a Series A round today, led by Felicis. Sequoia Capital and The Westly Group, which were existing investors, also took part.
Source: [TNW](https://thenextweb.com/news/magentic-18m-series-a-ai-agents-procurement)