Vention Secures $110M USD in Funding to Accelerate the Next Generation of Manufacturing Automation. (CNW Group/Vention Inc.)

AI‑powered software and hardware platform provider Vention has announced it raised US$110 million (C$150 million) in financing, with participation from Investissement Québec, Desjardins Capital, certain funds managed by Fidelity Investments Canada ULC, NVentures (NVIDIA’s venture capital arm) and other financial institutions.

According to a Jan. 27 press release, the new capital will be used to accelerate Vention’s mission to deliver Zero-Shot Automation, a new paradigm for manufacturing automation. A portion of the investment will also fund expansion across Europe, the Middle East and Africa, the company says.

Vention notes they are seeing strong adoption in enterprise clients who are leveraging its platform as the “standard setter” for manufacturing automation across all their plants while building centralized Advanced Manufacturing Teams.

“Manufacturers no longer want automation that requires deep expertise and long commissioning cycles,” said Etienne Lacroix, founder and CEO of Vention. “They want automation that works as intuitively and reliably as modern software. Physical AI is allowing us to deliver exactly that.”