Tech & Gadgets

Axya closes $17-million Series A to modernize manufacturing procurement

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Axya, a Montréal-based startup, has secured $17 million CAD in Series A funding to automate procurement processes for manufacturers. This investment addresses a significant pain point for manufacturers still relying on outdated methods like email and spreadsheets, and signals growing interest in AI-powered solutions for industrial operations. The company plans to expand its team and deepen its AI capabilities, particularly for risk detection and workflow automation, while also growing its presence in the US.

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