Canvas GFX Closes $9M Series A-1 Funding

Canvas GFX, a Boston, MA-based provider of interactive digital work instructions software to manufacturing ecosystems, raised $9M in Series A-1 funding.

The round was led by ECoast Angels and Mendoza Ventures.

The company intends to use the funds to accelerate growth and expand operations.

Led by Patricia Hume, CEO, Canvas GFX provides a solution that enables customers to build end-to-end interactive and multimedia digital instructional experiences, blending 2D illustration, 3D model animations, audio and video content, and interactive 3D models. Customers can choose between hosted and self-hosted (private cloud or on-premises) deployments, with integration into existing platforms including PLM, Learning Management, Document Management, and MES.

Existing customers of Envision include Aerospace & Defense disruptor and autonomous vehicle manufacturer Anduril, automated logistics provider Zipline, and transit systems manufacturer Amsted Rail.

This latest investment round also brings additional manufacturing industry expertise to the Canvas GFX Board of Directors. The new Board will be chaired by Peter Schroer, who founded cloud PLM provider Aras and led the firm to a growth investment by GI Partners in 2021.

FinSMEs

15/01/2023