Insider Brief
- Axya, the AI-powered procurement platform for manufacturers, has raised a $17 million CAD Series A led by McRock Capital with participation from Yamaha Motor Ventures, BDC’s Industrial Innovation Venture Fund and Real Ventures, alongside a new banking relationship with CIBC.
- The platform combines deep ERP integrations with a human-in-the-loop approach in which AI normalizes data, flags risks early and identifies savings, serving aerospace and defense, custom machinery and natural resources manufacturers such as MDA Space and GE Aerospace.
- Founder and CEO Félix Bélisle-Dockrill said procurement remains one of manufacturing’s most fragmented functions, as the company plans to deepen its AI capabilities for risk detection and automated workflows, grow its teams and expand across North America and internationally.
PRESS RELEASE — Axya, the AI-powered procurement platform that automates sourcing and purchasing for manufacturers, 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 to meet increasing demand. The financing was led by McRock Capital, with participation from Yamaha Motor Ventures. The round was supported by existing shareholders, including the Business Development Bank of Canada’s (BDC) Industrial Innovation Venture Fund, and Real Ventures, reaffirming their confidence in Axya’s growth trajectory. The company also established a new banking relationship with CIBC, which provides financing to support its next phase of expansion.
Axya helps complex manufacturers make their supply chains more predictable, cost-effective, and resilient by combining deep ERP integrations with AI-powered workflows that complement existing procurement teams. The company specializes in three customer sectors: aerospace and defense, custom machinery and vehicles, and natural resources and processing. It helps leading manufacturers such as MDA Space and GE Aerospace modernize their procurement operations across mid-market to enterprise segments.
Axya combines deep expertise in engineering-to-order and procurement operations with robust ERP integrations, working with Infor, Epicor, Oracle, SAP, Microsoft Dynamics, and Sage to connect supplier networks and ERP data. Its platform takes a human-in-the-loop approach that keeps procurement teams in control while AI automates the most time-consuming work, including normalizing data, flagging risks early, and identifying savings opportunities, so teams can focus on the most strategic decisions and actions. Axya connects manufacturers with all of their suppliers and integrates deeply with leading ERP systems, enabling buyers and suppliers to collaborate using multiple file formats and channels.
Founder and CEO Félix Bélisle-Dockrill, with a background in mechanical engineering, worked in supplier quality for two of the largest manufacturers in the aerospace industry earlier in his career, where he experienced firsthand the challenges of evaluating and managing suppliers. That experience inspired him to find a better way to share knowledge and information across the supply chain and led him to found Axya.
“Despite major investments in digital transformation, procurement remains one of the most fragmented functions within manufacturing organizations,” said Bélisle-Dockrill. “Axya’s platform connects the data, suppliers, and workflows that drive purchasing decisions, enabling manufacturers to reduce manual effort, improve supplier responsiveness, and build more resilient supply chains.”
With the new funding, Axya will invest in deepening its AI capabilities for risk detection, optimization, and automated workflows, as well as growing its sales, customer success, and engineering teams to drive faster deployments and better outcomes. In addition, the funding will help the company strengthen its North American presence and expand internationally, while broadening its ERP partnerships and partner programs to accelerate enterprise adoption.
“We see an enormous market opportunity for industrial AI in the everyday work that keeps factories running. Manufacturing procurement is a prime example, where critical decisions still depend on scattered information,” said Udit Bhatnagar, Partner at McRock Capital. “Axya brings AI directly into that workflow, helping manufacturers make better decisions and keep production moving. We led Axya’s Series A because the team understands both the technology and the industrial problem it needs to solve.”
About Axya
Axya is an AI-powered procurement platform that helps manufacturers modernize procurement operations by eliminating manual workflows, reducing late orders, and cutting inventory costs, expedited fees, and late penalties. Unlike procurement tools that require suppliers to adopt a new portal or workflow, Axya integrates with manufacturers’ existing ERP environments and allows suppliers to participate through their current formats and channels. By combining engineering-to-order expertise with AI-powered analysis and streamlined workflows, Axya delivers a 100% supplier adoption rate and gives manufacturers real-time visibility and control over their procurement operations. To learn more, visit www.axya.co.
