What Happened
Scaling AI Risk Detection for Manufacturers
Axya, an AI-powered procurement platform for manufacturers, has raised $17 million CAD in Series A funding to deepen its AI capabilities and expand into new markets. The round was led by McRock Capital, with participation from Yamaha Motor Ventures and support from existing shareholders. Axya’s platform helps complex manufacturers make their supply chains more predictable, cost-effective, and resilient, with a focus on aerospace and defence, custom machinery and vehicles, and natural resources and processing. This funding was reported by Procurement Magazine.