Axya Raises $17 Million CAD to Automate Industrial Procurement

The company’s platform integrates with major ERP systems like SAP, Oracle, and Microsoft Dynamics, allowing manufacturers to automate sourcing and purchasing without forcing suppliers to adopt new portals. By applying AI to normalize data and flag risks, the software aims to assist sectors such as aerospace, defense, and natural resources in managing complex supply chains more efficiently.

Félix Bélisle-Dockrill, who founded the company after observing procurement bottlenecks in the aerospace industry, emphasizes that fragmented data remains a core obstacle for modern factories. The new financing also includes support from existing investors, including the Business Development Bank of Canada and Real Ventures, alongside a fresh credit facility from CIBC. Beyond North America, Axya intends to leverage these funds to accelerate enterprise adoption and deepen its AI capabilities in risk detection and automated workflow optimization.