The Daily Raise/September 17, 2026
Funding round
Magentic raises $18M Series A round
Magentic (United Kingdom) has raised $18M in a Series A round, announced on September 17, 2026. The company is Provides AI digital workers that automate procurement and operations for manufacturers. The round was led by Felicis, with participation from Sequoia Capital, The Westly Group.
Magentic raised an $18 million Series A led by Felicis to expand its AI agents into a broader workforce for global manufacturers.
Company
Magentic
Amount
$18M (~$18M)
Round
Series A
Sector
Industrial AI
Country
United Kingdom
Announced
September 17, 2026
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This deal appeared in The Daily Raise, September 17, 2026. Get the next edition in your inbox.
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