Maneva raises $27-million USD Series A to expand AI vision in manufacturing

Toronto AI company Maneva , founded by a former Alberta welder turned engineer, has raised a $27-million USD ($38-million CAD) Series A round for its AI intelligence software for manufacturing. The news: Announced on June 10, the round was led by first-time Maneva investor, US Venture Partners, with USVP partner Matt Garratt joining the board. Its Series A round saw returning participation from Bling Capital and Freestyle Capital.