Magentic: Funding, Investors & Team (Sep 2026)
Magentic is a platform powered by artificial intelligence that detects cost savings within supply chains in the global manufacturing sector.
Magentic has raised $23.5M across 2 funding rounds on record, the most recent a Series A of $18.0M announced in Sep 2026.
That round is above the $5.8M median round size for Artificial Intelligence companies tracked on FundedIQ over the last two years.
Magentic Company Profile and Key Stats
Latest funding round on record: Sep 2026.
Magentic Funding Rounds
Magentic raised $5.5M in a Seed announced in Jul 2025.
1.2 years later, a Series A of $18.0M was announced in Sep 2026.
Magentic Investors
Magentic Founders and Leadership Team
Contact details for the Magentic team: 2 of 2 have an email address on file, 1 has a LinkedIn profile.
Start 14-day free trial →Magentic Funding Compared to Other Artificial Intelligence Startups
Magentic's latest round of $18.0M is above the median round in Artificial Intelligence. Medians cover the last 24 months of disclosed rounds.
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Magentic Funding FAQs
What does Magentic do?
Magentic is a platform powered by artificial intelligence that detects cost savings within supply chains in the global manufacturing sector.
How much funding has Magentic raised?
Magentic has raised $23.5M across 2 rounds on record. The most recent is a Series A of $18.0M announced in Sep 2026.
When did Magentic last raise funding?
Magentic's most recent funding round on record is a Series A of $18.0M, announced in Sep 2026.
Who has invested in Magentic?
Investors on record for Magentic include Sequoia Capital, Felicis, The Westly Group, First Momentum Ventures.
Who founded Magentic?
FundedIQ lists Robin Van Aeken (Co-Founder & CEO), Odhran O'donoghue (Founder) at Magentic.
Where is Magentic headquartered?
Magentic is based in New York, United States.
How many employees does Magentic have?
Magentic is in the 11-50 employee band.
When was Magentic founded?
Magentic was founded in 2024.
How does Magentic's funding compare to other Artificial Intelligence startups?
Magentic's latest round of $18.0M is above the $5.8M median round size for Artificial Intelligence companies on FundedIQ across 7,237 tracked companies over the last two years.
About FundedIQ's Magentic Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Magentic is left off this page rather than filled in.
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