Axya raises $12M Series A to expand AI procurement platform

What's the deal? Montreal-based AxyaDealroom has a profile for this one. Try Dealroom → has raised US$12.5M in a Series A round, the company said on September 24. The procurement platform will use the funding to enhance its AI capabilities, enter new markets, and hire more staff.

What's the endgame? Axya helps complex manufacturers make supply chains more predictable and resilient by combining enterprise resource planning (ERP) integrations with AI-powered workflows. It connects to systems including Oracle, SAP, Microsoft DynamicsDealroom has a profile for this one. Try Dealroom →, and Sage to link supplier networks with ERP data.

Who's building it? Founder Félix Bélisle-Dockrill previously worked in supplier quality for two of the largest aerospace manufacturers, where he saw the challenges of evaluating and managing suppliers. That experience led him to launch Axya, which now specialises in aerospace and defence, custom machinery and vehicles, and natural resources and processing.

Why now? "Despite major investments in digital transformation, procurement remains one of the most fragmented functions within manufacturing organizations," Bélisle-Dockrill said. The platform takes a "human-in-the-loop approach," keeping procurement teams in control while AI automates data normalisation, flags risks, and identifies savings.

The signal: The raise lands as AI moves deeper into supply chains. Market research firm IDCDealroom has a profile for this one. Try Dealroom → forecasts that by 2029, 45% of the world's 2,000 largest companies will have adopted agentic AI-driven supply chain orchestration — a shift that depends on clean, governed data as much as the tools built on top of it.

Image credit: Axya