MONTREAL, Oct. 6, 2026 | Axya, a Montreal-based startup that sells AI procurement software to manufacturers, announced a $17 million CAD Series A on Sept. 24, led by McRock Capital, according to the company's press release. That is about US$12 million, per PYMNTS. Customers named include MDA Space and GE Aerospace. The company says the money will go toward its AI risk-detection tools, hiring and international expansion.
Who Invested in Axya's Series A
McRock Capital led the round, and Yamaha Motor Ventures participated, per the company's announcement. Existing investors the BDC Industrial Innovation Venture Fund and Real Ventures also took part. CIBC joined as a new banking partner for expansion financing, according to Procurement Magazine.
McRock partner Udit Bhatnagar said the firm sees "enormous market opportunity for industrial AI in the everyday work that keeps factories running."
What Axya's Procurement Platform Does
Axya was founded by CEO Félix Bélisle-Dockrill, who previously worked in supplier quality at major aerospace manufacturers, per PYMNTS. Its platform connects to a manufacturer's ERP system, with integrations for Infor, Epicor, Oracle, SAP, Microsoft Dynamics and Sage. It then uses AI workflows to normalize data, flag supplier risk and identify savings, while keeping people in charge of purchasing decisions.
The company focuses on three sectors: aerospace and defence, custom machinery and vehicles, and natural resources and processing. Bélisle-Dockrill said: "Procurement remains one of the most fragmented functions within manufacturing organizations."
Axya also says it has a 100% supplier adoption rate. That is a company claim, and the announcement as reported does not explain how it is measured.
How Axya Plans to Use the Funding
The company says it will deepen its AI for risk detection, optimization and automated workflows, and grow its sales, customer success and engineering teams. It also plans to strengthen its North American presence, expand internationally and add more ERP partnerships.
What This Means for Manufacturers
Purchasing in manufacturing often runs through spreadsheets, email and disconnected systems. Axya's pitch is to sit on top of the ERP a plant already uses instead of replacing it. For buyers, the questions to ask any procurement AI vendor are which systems it integrates with, how it flags risk, and where a person signs off. PYMNTS cites an IDC forecast that by 2029 nearly half of the world's 2,000 largest companies will adopt agentic AI for supply chain orchestration, which suggests more vendors will enter this space.
Frequently Asked Questions
How much did Axya raise?
Axya raised a $17 million CAD Series A, about US$12 million, led by McRock Capital with Yamaha Motor Ventures participating, according to the company's press release.
What does Axya do?
Axya sells AI-powered procurement software for manufacturers. It connects to ERP systems and uses AI to normalize data, flag supplier risk and identify savings, with people still making the decisions.
Who are Axya's customers?
The company names MDA Space and GE Aerospace. It targets aerospace and defence, custom machinery and vehicles, and natural resources and processing.