Maneva, an industrial AI company that analyses factory camera feeds, raised a $27m Series A, announced on 10 June 2026. U.S. Venture Partners led the round, with returning investors Bling Capital and Freestyle Capital and a group of angels and funds.
Maneva says total funding is now $38.4m. Dealroom's summary of an Axios Pro report said chief executive Rae Jeong disclosed the round exclusively and described a surge of investment in factory and warehouse automation. No valuation was disclosed.
“At Maneva, we're helping bring that visibility and control to the factory floor.”Rae Jeong, Co-Founder and CEO, Maneva
What Maneva does
Maneva was founded in 2021. It sells two AI agents that run on existing factory cameras without proprietary hardware. VITA, a video-to-action agent for quality assurance and downtime reduction, inspects units at line speed, making accept, reject or reroute decisions up to 30 times per second. ALIS, an AI line supervisor, flags failures to wear protective equipment, unauthorised zone access and hands near dangerous machinery.
The company reports results from customers: a wood manufacturer's stoppage interval went from every 1.5 minutes to every 25 minutes, a 16-fold improvement in uptime, and customers report an 8% rise in production volume and model accuracy up to 99.9%. For ALIS it claims roughly a 50% improvement in safety performance and up to 10% higher output. These are company figures that the sources did not verify independently.
The platform is patent-pending and runs on Nvidia edge devices. Industries named include confectionery, steel, glass, wood, meat processing, pharmaceuticals, automotive and electronics, plus an unnamed Fortune 500 industrial manufacturer.
The founders and offices
Rae Jeong, co-founder and chief executive, started as a welder in Alberta and later led robotics and deep reinforcement learning research at Google DeepMind. Co-founder and chief technology officer Kelvin Chan has a mechatronics engineering degree from the University of Waterloo and previously developed perception technology at Magna International.
Maneva lists offices in Palo Alto, California, and North York, Ontario, and did not say which is its headquarters. The company did not give a headcount.
What the money is for
Maneva said it will deepen the core AI in VITA and ALIS, expand its customer base into new geographies and industries, and roll out its next generation of factory orchestration and AI knowledge agent features. The release did not name target regions.
Matt Garratt, general partner at U.S. Venture Partners, said the platform removes the need for proprietary hardware, custom training and heavy services. Jeong said, "At Maneva, we're helping bring that visibility and control to the factory floor."
Market context the company cites
The release cites global manufacturing output of about $46tn a year and average factory efficiency of about 60%, which it describes as an $18tn annual gap. It also cites a World Economic Forum finding that supply chain disruptions rose nearly 40%, and an International Energy Agency estimate that manufacturing accounts for about 40% of global final energy demand.
Company website: maneva.ai