Axya Raises $17M Series A

Axya, based in Montreal, is an AI-powered procurement platform that automates sourcing and purchasing for the manufacturing sector. The company successfully raised $17 million CAD in a Series A funding round to enhance its platform capabilities, expand into new international markets, and scale its workforce.

Investors

The funding round was led by McRock Capital, with participation from Yamaha Motor Ventures. The round was also supported by existing shareholders, including the Business Development Bank of Canada Industrial Innovation Venture Fund, and Real Ventures.

Axya Use of Funds

Axya plans to use the new capital to deepen its AI capabilities for risk detection, process optimization, and automated workflows. Additionally, the funding will support the growth of its sales, customer success, and engineering teams, while facilitating international expansion and broadening its ERP partnerships to accelerate enterprise adoption.

About Axya

Founded by CEO Félix Bélisle-Dockrill, Axya provides an AI-powered platform designed to make manufacturing supply chains more predictable, cost-effective, and resilient. By integrating with major ERP systems, the platform automates procurement workflows while maintaining a human-in-the-loop approach to support decision-making in sectors such as aerospace, defense, and heavy machinery.

Funding Details

Company Website: https://axya.ai

Company: Axya
Raised: $17M
Round: Series A
Funding Date: September 24, 2026
Lead Investor: McRock Capital
Additional Investors: Yamaha Motor Ventures, Business Development Bank of Canada Industrial Innovation Venture Fund, Real Ventures
Software Category: Supply Chain Software
Source: https://www.canadianmanufacturing.com/manufacturing/axya-secures-17m-in-funding-for-ai-enabled-procurement-in-mfg-321702/