Vention, a next-generation digital manufacturing platform for custom factory equipment, is announcing the completion of a $17M CAD Series A financing round led by Bain Capital Ventures. The company is also announcing the release of its second major platform upgrade since its founding in 2016.
Bain Capital Ventures joins Vention’s previous investors White Star Capital, Bolt, and Real Ventures. With this new investment, Vention will accelerate the development of its cloud-based MachineBuilder 3D software, expand its modular hardware library, and bring the next wave of plug-and-play factory automation solutions to market.
Vention is radically changing the way companies design and order custom equipment for their operations. Traditional design-to-build workflows for custom equipment take anywhere from one to six months, depending on the project’s complexity. Vention’s modular components and easy-to-use cloud platform enable those same workflows to be completed in as little as three days, including shipping (which is offered next-day throughout North America).
Source : press release