TLDR:
- Maxa, a Montreal-based company, raised USD21M in Series A funding led by FRAMEWORK and BDC Capital’s Industrial Innovation Venture Fund.
- The funding will be used to enhance product capabilities and go-to-market strategies.
Maxa, a Montreal-based company specializing in Snowflake Native App for business system and ERP insights automation, has successfully raised USD21M in Series A funding. The funding round was led by FRAMEWORK and BDC Capital’s Industrial Innovation Venture Fund, with participation from Snowflake Ventures, Amiral Ventures, and NAventures, among others. The company, co-founded by co-CEOs Raphael Steinman and Alexis Steiman, aims to use the funds to further improve its product, go-to-market strategies, and customer self-serve capabilities.
Maxa’s platform unifies multiple ERP and business data systems into a single, accurate source of insights, enabling both human and AI-driven business conversations to be enriched with timely and accurate data. The company’s software is built around the Universal Business Data Model (UBDM), which standardizes and combines data from various business systems, making it accessible to non-technical analysts, developers, and AI-driven insights. Companies utilize Maxa to automate financial, ERP, and operational reporting and analysis, allowing managers to make informed business decisions and daily course-corrections.
The successful Series A funding will enable Maxa to further enhance its product capabilities, go-to-market strategies, and customer self-serve capabilities. The company’s focus on providing accurate and timely data insights through its innovative platform is expected to revolutionize business decision-making processes in the Gen AI era.
