Maneva announced that it has raised $27 million in Series A funding to accelerate its mission of addressing inefficiencies across the global manufacturing industry. The round was led by U.S. 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 describes as the intelligence layer for modern manufacturing. The company’s Video-to-Action AI platform uses deep learning computer vision and agentic AI systems to transform existing factory cameras into real-time operational decision-making tools.
According to the company, manufacturing generates approximately $46 trillion in annual output, yet the average factory operates at only 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 requiring costly infrastructure overhauls.
Maneva’s patent-pending VITA and ALIS agents run on NVIDIA edge devices and connect to existing camera systems. VITA focuses on quality assurance and downtime reduction, making accept, reject or reroute decisions up to 30 times per second. ALIS functions as an AI line supervisor, monitoring safety conditions and productivity across facilities in real time.
The company serves customers across industries including food and beverage, pharmaceuticals, automotive, electronics, steel, glass, wood products and distribution. The new capital will be used to advance its AI capabilities, expand into new geographies and industries, and introduce additional factory orchestration and AI knowledge agent features.
KEY QUOTES:
“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.”
“I was immediately impressed the first time I spoke to Rae and Kelvin, when they explained how Maneva was combining the latest computer vision models with their backgrounds in reinforcement learning and robotics to unlock automation in factory environments. As someone who started their career in manufacturing, I knew the potential had always been there, and I could see how Maneva could solve the core issues that plagued legacy systems by removing the need for proprietary hardware, custom training, and heavy services.”
Matt Garratt, General Partner, U.S. Venture Partners
“The Maneva team is a rising force in vision AI. Talented, driven, and exceptionally capable, they bring both the expertise and the energy needed to push the industry forward. Their work with us demonstrated real execution power and real impact on the business.”
CIO, Fortune 500 Industrial Manufacturer
“At a time when supply chains are under pressure and the world is facing an energy crisis, manufacturers have a real opportunity to rethink how factories operate by reducing waste, improving efficiency, and making better use of every unit of energy. At Maneva, we’re helping bring that visibility and control to the factory floor.”
Rae Jeong, Co-Founder And CEO, Maneva
