Axya Secures Funding for AI-Powered Procurement Platform
Montreal-based technology company Axya has secured financing in a Series A round to strengthen its artificial intelligence infrastructure and expand into new markets.
Montreal-based procurement platform Axya has secured approximately 12 million dollars in Series A funding to enhance its artificial intelligence capabilities, enter new markets, and increase its headcount.
Details of the Investment Round
Montreal-based procurement platform Axya announced that it has secured 17 million Canadian dollars in new financing to enhance its artificial intelligence capabilities and expand into new markets. This investment will enable the company to scale its operations and grow its team.
Founding Story
Founded by Félix Bélisle-Dockrill, the company was born out of the founder's past experience in supplier quality within the aerospace sector. This initiative was established to optimize supply chain information sharing and purchasing processes.
Artificial Intelligence in the Supply Chain
Axya helps complex manufacturers make their supply chains more predictable, cost-effective, and resilient by combining enterprise resource planning integrations with artificial intelligence-driven workflows.