Magentic raises $18M for industrial procurement

Magentic announced an $18 million Series A led by Felicis to expand AI digital workers for manufacturers’ procurement and supply-chain operations, according to its funding announcement. The company says one customer routes more than 1 million orders a year through its agents and another found $4 million in savings—claims to treat as vendor-reported, not a procurement baseline. Operators can compare that promise with Salesforce Koa’s hosted-model boundary: measure accepted actions and total workflow cost before handing purchasing authority to an agent.