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Axya Raises $12.4M to Scale Manufacturing Procurement

Axya raised $12.4M Series A led by McRock Capital to enhance its AI-powered procurement platform and expand into new markets.

By Raina Gimmel

Axya raises $12.4M

The big picture: Axya, an AI-powered procurement platform, announced a $17 million CAD Series A funding round to enhance its platform and AI capabilities as it expands into new markets and scales its team.

Why it matters:

  • Supply Chain Resilience: Manufacturers face unpredictable, costly, and fragile supply chains, which Axya’s AI aims to stabilize by modernizing procurement operations.
  • Procurement Modernization: Despite significant investments in digital transformation, procurement remains a fragmented function, relying on manual workflows that Axya automates.
  • Industry Focus: Axya targets critical sectors like aerospace and defense, custom machinery and vehicles, and natural resources, where efficient procurement is vital for leading manufacturers such as MDA Space and GE Aerospace.

How it works:

  • AI-Powered Workflows: The platform combines deep ERP integrations with AI to automate time-consuming tasks like data normalization, early risk flagging, and identifying savings opportunities.
  • Human-in-the-Loop: Axya’s approach keeps procurement teams in control, allowing them to focus on strategic decisions while AI handles repetitive work.
  • Seamless Integration: The platform connects manufacturers with all their suppliers and integrates deeply with major ERP systems, including Infor, Epicor, Oracle, SAP, Microsoft Dynamics, and Sage.

The catch: The market for industrial AI and procurement solutions is becoming increasingly competitive. While Axya emphasizes its unique integration approach and human-in-the-loop design, adoption rates for new procurement technologies can be challenging, especially in established manufacturing environments with legacy systems and processes. The success of its international expansion will depend on navigating diverse regulatory landscapes and market specificities.

Key Facts

  • Company: Axya
  • Amount: $12.4M
  • Round: Series A
  • Investors: McRock Capital (lead), Yamaha Motor Ventures, BDC’s Industrial Innovation Venture Fund, Real Ventures
  • Founder: Félix Bélisle-Dockrill
  • Announced: 2026-09-28
  • Sector: AI-powered Procurement Platform
  • Headquarters: Canada

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