Maneva announced it has raised $27 million in Series A funding to accelerate its mission to address inefficiencies across global manufacturing. The round was led by US Venture Partners with participation from existing investors Bling Capital and Freestyle Capital, bringing the company’s total funding to $38.4 million.
Founded in 2021 by Rae Jeong and Kelvin Chan, Maneva is building what it calls the intelligence layer for modern manufacturing. The company’s Video-to-Action AI platform uses deep learning computer vision and agent AI systems to transform existing factory cameras into real-time operational decision-making tools.
According to the company, manufacturing generates approximately $46 trillion in output annually, but the average factory operates at just 60% efficiency, creating an estimated $18 trillion efficiency gap. Maneva aims to help manufacturers close that gap by improving uptime, quality, safety and productivity without the need for costly infrastructure overhauls.
Maneva’s patent-pending VITA and ALIS agents run on NVIDIA edge devices and connect to existing camera systems. With a focus on quality assurance and reducing downtime, VITA makes approve, reject, or reroute decisions up to 30 times per second. ALIS acts as an AI line supervisor, monitoring safety conditions and productivity across your facility in real time.
The company serves customers in a variety of industries, including food and beverage, pharmaceutical, automotive, electronics, steel, glass, wood products, and distribution. This new funding will be used to improve AI capabilities, expand into new regions and industries, and introduce additional factory orchestration and AI knowledge agent capabilities.
Main quotation:
“Maneva, the video-to-action AI company building the intelligence layer for modern manufacturing, today announced $27 million in Series A funding, accelerating its mission to close the $18 trillion global manufacturing efficiency gap.”
“When I first spoke with Rae and Kelvin, I was immediately impressed when they explained how Maneva combines the latest computer vision models with their background in reinforcement learning and robotics to enable automation in factory environments.As someone who started my career in manufacturing, I knew the possibilities were always there, and by eliminating the need for proprietary hardware, custom training, and a large amount of services, Maneva was able to eliminate the need for legacy We now know how we can solve the core problems that were plaguing the system.”
Matt Garratt, General Partner, US Venture Partners
“The Maneva team is an emerging force in the vision AI space. Talented, motivated and exceptionally capable, they bring both the expertise and energy we need to move the industry forward. Their work with us has demonstrated real execution and real business impact.”
Fortune 500 industrial manufacturer, CIO
“With supply chains under stress and the world facing an energy crisis, manufacturers have a real opportunity to reimagine the way they operate their factories by reducing waste, increasing efficiency and making better use of every unit of energy. At Maneva, we are helping bring that visibility and control to the factory floor.”
Rae Jeong, Co-founder and CEO of Maneva
