Insider Brief
- Vention raised $110 million to expand its AI-driven manufacturing automation platform and accelerate international growth, with the financing backed by Investissement Québec, Desjardins Capital, Fidelity Investments Canada–managed funds, NVentures, and other institutional investors.
- The Montreal-based company provides an integrated software and hardware platform for industrial automation, targeting faster design, deployment, and scaling of robotic systems as manufacturers modernize production and reshore capacity.
- The funding will support broader enterprise adoption and expansion across Europe, as manufacturers seek alternatives to traditional automation systems that require long integration cycles and specialized expertise.
Vention has raised $110 million in new financing to expand its AI-driven manufacturing automation platform and accelerate international growth, particularly in Europe. The round included participation from Investissement Québec, Desjardins Capital, funds managed by Fidelity Investments Canada, NVentures, and other institutional investors, the company said.
The Montreal-based company develops a combined software and hardware platform for industrial automation, aiming to reduce the time and complexity required to design and deploy robotic systems. The company said the new capital comes as manufacturers in the U.S. and other major economies push to expand domestic production and modernize factories, exposing the limits of traditional automation systems that require long integration cycles and specialized expertise.
Vention is using artificial intelligence to automate key stages of the manufacturing workflow, including machine design, system configuration, and robotic programming. The company says these tools allow manufacturers to move from concept to deployment in days rather than months, making automation more accessible across a wider range of production environments.
Enterprise adoption has been a key growth driver, with large manufacturers increasingly standardizing on Vention’s platform across multiple plants and regions, according to the company. The funding will be used to support those multi-site deployments and to expand the company’s footprint across Europe, the Middle East, and Africa, as Vention positions itself as a core automation platform for industrial operations.
Image credit: CNW Group/Vention Inc.
