Vention receives $17 million in new financing

Vention, a Montreal operator of a digital manufacturing platform that allows customers to custom-design factory equipment, announced completion of a $17 million CAD (cash against documents) Series A financing round led by Bain Capital Ventures. Bain joins Vention’s previous investors, White Star Capital, Bolt, and Real Ventures.

Vention reports that the new investment will accelerate development of its cloud-based MachineBuilder 3D software (shown), expand its modular hardware library, and bring the next wave of plug-and-play factory automation solutions to market.

The company also announced the release of its second major platform upgrade since its founding in 2016.