According to pymnts.com, Montreal-based Axya has raised $12 million in Series A financing to enhance its artificial intelligence capabilities, enter new markets, and hire additional staff.
Founding Vision and Market Gap
Axya was founded by Félix Bélisle-Dockrill, who previously worked in supplier quality for two of the largest manufacturers in the aerospace industry. There, he observed persistent challenges in evaluating and managing suppliers — a problem that motivated him to build a platform enabling better knowledge and information sharing across supply chains. “Despite major investments in digital transformation, procurement remains one of the most fragmented functions within manufacturing organizations,” Félix Bélisle-Dockrill said in the release.
Platform Capabilities and Integration Ecosystem
Axya’s platform connects ERP systems, supplier networks, and procurement workflows to help complex manufacturers make supply chains “more predictable, cost-effective and resilient.” It integrates with Infor, Epicor, Oracle, SAP, Microsoft Dynamics, and Sage. The system uses a human-in-the-loop approach: AI automates time-consuming tasks — including data normalization, early risk flagging, and savings opportunity identification — while keeping procurement teams in control of strategic decisions.
Target Sectors and Data Readiness Imperative
The company specializes in three sectors: aerospace and defense, custom machinery and vehicles, and natural resources and processing. According to market research firm IDC, by 2029, 45% of the world’s 2,000 largest companies will have adopted agentic AI-driven supply chain orchestration — driving a 20% revenue increase and a 30% improvement in partner and customer satisfaction. However, the report stresses that “Data readiness is not a preparation step. It is the prerequisite for everything that follows.”
Source: pymnts.com
Compiled from international media by the SCI.AI editorial team.
