Maneva, a Toronto-based AI company building intelligence software for manufacturing, has raised a $27M Series A round, led by US Venture Partners with participation from Bling Capital, Freestyle Capital, Seguin Ventures, N49P, and an SPV organized by Prem Kalevar.
The company plans to use the funding to expand into North America and Asia and continue developing its agentic AI capabilities.
Addressing The Market Opportunity
Manufacturers rely on production lines where defects, safety hazards, and efficiency issues can be difficult to catch in real time using traditional monitoring methods. Maneva was built to address this gap by turning existing camera infrastructure into a source of operational intelligence, giving facilities a way to understand what is happening across their lines as it happens.
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How The Technology Works
Maneva’s platform connects to camera feeds already present in manufacturing facilities, whether industrial or security cameras, and transmits operational data to its proprietary AI system. CEO and founder Rae Jeong described the platform as hardware agnostic, capable of observing specific products, individual machines, or an entire production line and interpreting the scene much as a person would.
The system monitors production in real time, identifying defects, flagging safety hazards, and tracking efficiency across a facility. The platform also includes anonymized monitoring of worker activity, which the company says can be used to measure productivity alongside its safety and quality functions.
Growth And Market Traction
Founded in 2021 by Rae Jeong, a former welder from Alberta who became an engineer, Maneva has raised a total of $38.4M USD to date, including early seed support from Bay Area investors such as Gokul Rajaram. The company’s customers span industries including steel and lumber manufacturing, meat processing, pharmaceuticals, and distribution.
Expansion Plans
With the new Series A funding, Maneva intends to scale its presence across North America and expand into Asian markets. The company will also use part of the capital to further develop its agentic AI capabilities, building on its existing real-time monitoring platform.
Looking Ahead
Rae Jeong, CEO and founder of Maneva, described the platform’s approach to understanding manufacturing environments: “We can plug into industrial cameras or security cameras, we’re hardware agnostic. It can look at specific products, the machines, the overall line, it’s something that just like a human being is able to understand the scene and act from it.”
About Maneva
Maneva is a Toronto-based AI company founded in 2021 by Rae Jeong. The company’s platform connects to existing camera systems in manufacturing facilities to monitor production lines in real time, detecting defects, flagging hazards, and tracking efficiency. Maneva serves customers across industries including steel and lumber manufacturing, meat processing, pharmaceuticals, and distribution.
