The HRTech Wire

Magentic raises $18M to build the AI workforce for the physical world - PR Newswire

Magentic has raised $18M to develop autonomous AI agents designed to perform work in physical-world environments, according to PR Newswire — a funding round that signals growing investor appetite for deploying digital workers beyond software tasks. HR and people-ops leaders tracking hybrid human-AI workforce strategy should note this as an early indicator of agentic AI expanding into operational and physical roles.

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Magentic

Builds multi-agent AI systems — digital workers — that autonomously run procurement and supply-chain operations for large manufacturers.