Maxa, a Montreal, Canada-based Snowflake Native App for business system and ERP insights automation for the Gen AI era, raised USD21M in Series A funding.
The round was led by FRAMEWORK and BDC Capital’s Industrial Innovation Venture Fund. Other investors included Snowflake Ventures, Amiral Ventures and NAventures, the venture arm of National Bank of Canada, in addition to third-time backers AQC Capital and Graphite Ventures.
The company intends to use the funds to further enhance its product, go-to-market and customer self-serve capabilities.
Co-founded by co-CEOs Raphael Steinman and Alexis Steiman, Maxa unifies multiple ERP and business data systems into a single, accurate, and pre-computed source of insights to ensure that both human and AI-driven business conversations are enriched with timely and accurate data insights with full audibility. Companies use it to automate financial, ERP and operational reporting and analysis, pre-computed at scale to allow managers to improve business decision making and daily course-correction.
Central to Maxa’s software is the Universal Business Data Model (UBDM), which standardizes and can combine data from nearly any business system, making it accessible to non-technical analysts, developers and AI-driven insights.
FinSMEs
30/05/2024