COMPANY PROFILE

Vention

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Industrial automation equipment via an integrated cloud-based engineering and hardware ecosystem

Montreal, CanadaFounded 2016Robotics

Valuation $1–2.5B Last recorded · 2026

Revenue $100–500M Latest reported FY

Headcount 100–500 Current team size

Total funding $100–500M Disclosed equity funding

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About Vention

Vention.io is a cloud-based platform that specializes in automating manufacturing processes. The company operates in the industrial automation market, serving innovative companies looking to streamline their manufacturing operations. Vention.io's platform offers a one-stop solution for designing, automating, ordering, and deploying automated equipment, reducing the complexity and effort traditionally associated with these tasks by up to 40%.

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The platform's intuitive interface allows users to design manufacturing equipment in 3D directly from their web browser. It offers a library of thousands of pre-loaded modular parts that can be easily dragged and dropped onto the design. The platform also provides real-time pricing and assembly times, part recommendations, and automatic validation, simplifying the design process.

Vention.io's business model is based on providing a comprehensive solution for manufacturing automation. Clients design and order their components online, and the company ships them the next day. The platform also supports code-free programming and Python, allowing users to program, simulate, and deploy industrial automation sequences directly from their browser.

Additionally, Vention.io facilitates collaboration on industrial equipment projects, enabling teams to work efficiently from anywhere. It also streamlines digital procurement and allows users to manage access to their engineering files.

In summary, Vention.io is a comprehensive, user-friendly platform for automating manufacturing processes, from design to deployment.

Source: Dealroom company data