Vention, the Quebec-based manufacturing automation platform, secures a $15 million investment from the Fonds de solidarité FTQ to further democratize industrial automation and enhance manufacturing competitiveness. The investment from Fonds de solidarité FTQ supports Vention's mission to democratize industrial automation, improve plant efficiency, and stimulate manufacturing productivity through its integrated manufacturing automation platform (MAP).
This investment demonstrates the commitment of Fonds de solidarité FTQ to advance Quebec's industrial capabilities, create high-value-added jobs, and stimulate economic growth by supporting the adoption of new technologies among SMEs in the manufacturing sector.
Vention's integrated platform combines 3D design, code-free industrial programming, e-commerce logistics, and a library of modular automation components, allowing manufacturers to complete automation projects faster and at a reduced cost compared to traditional methods.
Etienne Lacroix, CEO of Vention, remarked,
Democratizing industrial automation is an ambitious goal, given the 180 dollar billion market. The Fonds de solidarité FTQ is an institution that has made an vital contribution to advancing the business sector in Quebec for over 30 years. We are delighted that, through this act of renewed confidence, the Fonds de solidarité FTQ is demonstrating its commitment to Quebec companies looking to automate their factories. We're also excited to welcome the Quebec manufacturers, including those supported by the Fonds, to help them better understand the little-known field of industrial automation and robotics.
[Source: Cision PR Newswire]
The Fonds de solidarité FTQ has actively contributed to the development and global competitiveness of Quebec companies for more than three decades. Its renewed investment in Vention demonstrates the Fonds' dedication to advancing Quebec's industrial capabilities, creating employment with high added value, and fostering economic growth. Through the investments of its partners, including the Fonds de solidarité FTQ, Vention continues to develop its MAP, the only completely integrated cloud platform in the world to offer complete automated solutions from design to deployment.
About Vention
Vention, headquartered in Montreal, Canada, caters to a diverse clientele of over 4,000 manufacturers worldwide. They have also established the Vention Experience Centre, offering complimentary training and workshops to local manufacturers. Vention stands as a key enabler for some of the most forward-thinking manufacturers, facilitating the automation of their production floors in just a matter of days. It achieves this through a democratized user experience underpinned by Vention's digital manufacturing automation platform. This platform empowers clients to conceptualize, automate, order, and deploy automated equipment directly from their web browsers.