USA-based leading provider of interactive digital work instructions software to manufacturing ecosystems, Canvas GFX closed its Series A1 funding at USD 9 million. The company announced the closure on January 13, 2023. ECoast Angels and Mendoza Ventures led the financing for the firm.
Besides the funding, Canvas GFX announced the appointment of Peter Schroer, founder and former CEO of PLM provider Aras, to the new Canvas GFX board as Chairman.
Purpose of financing for Canvas GFX
With the latest financing from the Series A1 round, Canvas GFX aims to drive rapid growth for its interactive digital work instructions solution, Canvas Envision.
Meanwhile, the company has opportunities to hire additional manufacturing industry experts.
What the founder of Canvas GFX has to say
Patricia Hume, CEO of Canvas GFX, said, “It is thrilling to have this investment round, particularly at a time when many start-ups are finding it a challenge to raise. I would like to thank our previous board, who assisted us greatly in our progress to date, and were gracious in their recognition of our need to bolster the board’s sector expertise. And I extend my thanks and welcome to our new board and investors. We have great traction for Canvas Envision, and seek to accelerate penetration into our target markets.”
What the newly appointed Chairman has to add
In addition, the Incoming Chairman of the Board, Peter Schroer, said, “Canvas Envision delivers a unique set of capabilities for which there is clear market demand. For many manufacturing companies, the creation delivery of critical documentation such as work instructions, MRO manuals, and training materials is inefficient, outdated, and detrimental to the wider company’s performance. I am delighted to be joining the Canvas journey, and I look forward to helping the company achieve its clear potential.”
About the company
In 1987 Patricia Hume launched the company. Canvas GFX provides solutions for creating as well as consuming visual, multimedia, and interactive content used to train and instruct manufacturing production workers, MRO teams and product users.
The company owns its interactive digital work instructions solution, Canvas Envision. The platform offers a single, easy-to-use solution that enables customers to build end-to-end interactive and multimedia digital instructional experiences, blending 2D illustrations, 3D model animations, audio and video content, as well as interactive 3D models. Giants such as Aerospace & Defense disruptor and autonomous vehicle manufacturer Anduril, automated logistics provider Zipline, and transit systems manufacturer Amsted Rail use the company’s Envision platform.
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