Maxa, a Montreal, Canada-based data automation and AI analytics software solution for ERP systems, announced that it closed a $2.3 million (CAD 3 million) funding round, bringing total funding to date above $3.8 million (CAD 4.8 million).
York IE led the investment, providing rich portfolio experience in B2B enterprise software. New investors also include Graphite Ventures and AQC Capital, as well as a short-list of strategic private investors, including some brought through the Anges Quebec network.
Maxa intends to use funding proceeds to continue product development and to bolster its North American go-to-market team.
Company: Maxa AI Inc.
Round: Seed Round
Funding Month: June 2022
Lead Investors: York IE
Additional Investors: Graphite Ventures and AQC Capital
Company Website: https://www.maxa.ai/
Software Category: Data automation & advanced AI analytics
About the Company: Founded in 2019 by brothers Alexis and Raphael Steinman, Maxa is a leading software solution provider for data automation and advanced AI analytics for Enterprise Resource Planning (ERP) and core systems. Maxa provides business performance AI technology that helps organizations gain better, faster insights into the past, present, and future. Maxa’s software layer runs alongside one or several ERPs and core business systems: it enables a new breed of BI automation, system unification, and predictive AI analytics. Maxa’s automated solution is quick to set up and supports a SaaS business model with no commitments. Some of the companies that use Maxa include Bell and AJW, a services provider for aviation.