Canals Raises $35M Series A

Canals, a Miami, FL-based AI workflow solutions provider for distributors, has raised $35 million in a Series A funding round.

Investors

The funding round was led by Base10 Partners. Base10 Partners is a venture capital firm that focuses on investing in early-stage and growth-stage software companies.

Canals Use of Funds

Canals plans to use the new capital to accelerate product development for its AI-powered workflow suite. The funding will specifically support the creation of additional solutions intended to automate customer and supplier transactions across the industrial supply chain.

About Canals

Founded in 2023 by Michael Delgado and Erez Arnon, Canals provides an AI-powered platform designed to automate manual business processes. The platform automates tasks such as sales order entry, quote generation, invoice processing, purchasing, and customer service by extracting information from emails, PDFs, spreadsheets, and other documents, then converting it into structured data for ERP systems. Canals partners with over 100 distributors, including DSG, The Kendall Group, and Locke Supply, as well as some of the largest distributors in the world.

Funding Details

Company Website: https://canals.ai

Company: Canals
Raised: $35M
Round: Series A
Funding Date: May 28, 2026
Lead Investor: Base10 Partners
Company Website: https://www.canals.ai
Software Category: Artificial Intelligence for Wholesale Distribution
Source: https://www.mdm.com/news/breaking-news-in-wholesale-distribution/canals-raises-35m-series-a-to-expand-ai-workflow-tools-for-distributors/