Vention Secures $110M to Expand AI Automation in Europe
Vention Secures $110M USD in Funding to Accelerate the Next Generation of Manufacturing Automation. © CNW Group/Vention Inc.
Canadian robotics platform provider Vention is ramping up its European operations with a fresh $110 million funding round. The company, which operates offices in Montreal and Berlin, wants to strengthen its presence in Germany and across the EMEA region.
According to the company's press release, Vention has raised $110 million USD with participation from Investissement Québec, Desjardins Capital, Fidelity Investments Canada ULC, NVentures (NVIDIA's venture capital arm), and other financial institutions. The capital will fuel the development of its AI-powered automation platform and support European expansion efforts.
So what exactly does Vention do? Imagine building industrial robots and automation systems the way you might assemble furniture from modular parts, but with software that helps you design, program, and deploy everything through a cloud platform. Vention combines modular hardware components with AI-powered software that allows manufacturers to create custom automation solutions in days rather than months. Their platform enables factories to design robotic cells, program them with AI assistance, and get production lines running without the traditional complexity and long commissioning cycles.
"Germany's production location and high standards set the pace for Europe. With the new investments, we are expanding our presence in Germany and accelerating the development of new Physical AI capabilities that enable automation within days instead of months," says Etienne Lacroix, founder and CEO of Vention.
The company has deployed over 25,000 machines worldwide and serves more than 4,000 factories. Major enterprise customers across automotive, aerospace, logistics, food and beverage, and consumer goods sectors are adopting Vention as their company-wide automation standard, rolling out solutions across multiple plants and countries.
Etienne Lacroix, founder and CEO of Vention, emphasized that manufacturers want automation that works as intuitively as modern software. The company's recent innovations include AI agents for machine specifications, robotic programming copilots, and fully autonomous AI-powered applications.
The funding comes as the U.S. and other major economies focus on manufacturing investments and reshoring initiatives. Vention positions itself as an enabler of this movement by offering faster, simpler, and more scalable automation solutions than traditional industrial approaches.
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