Partnering with Magentic: AI-Driven Savings for the World's Supply Chains

• AI agents audit supplier contracts; recover ~2% of enterprise spend.
  • McKinsey: unfulfilled supplier obligations leak 2% — tens of millions annually.
  • “Mages” scan thousands of docs and millions of deliveries autonomously.
• Procurement teams are 100x smaller than supplier bases they manage.
• Agents propose fixes, humans approve — keeps human-in-the-loop at scale.
• Founders: ex-OpenAI AI researcher + ex-McKinsey procurement specialist.
  • Robin Van Aeken (McKinsey, procurement) and Odhran O’Donoghue (OpenAI research).
  • Met at Oxford hackathons; joined Sequoia Arc before seed.
• Sequoia led seed via Arc, their company-building program.

Julien Bek and Zefi Hennessy Holland (Sequoia Capital) · 2025-07-22 · Read on sequoiacap.com