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Maneva

Maneva is a Toronto AI company that turns the cameras already hanging in a factory into a live read on production, flagging defects, safety hazards and slowdowns as they happen. Rae Jeong, a former Alberta welder who became an engineer, founded it in 2021; it raised a US$27-million Series A in June 2026.

AITorontoFounded 2021maneva.ai
US$27MSeries A announced 10 June 2026, led by U.S. Venture PartnersBetaKit
US$38.4Mtotal raised to dateBetaKit
Up to 10%increase in total output, a company claim from anonymised customer dataBetaKit

The people

RJ
Rae JeongCo-founder & CEOprofile coming
KC
Kelvin ChanCo-founder & CTOprofile coming

What they build

Video-to-Action AI platform
Real-time defect and hazard detection
Production efficiency tracking

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Working at Maneva

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On the TechTO stage

Every talk is searchable — ask the archive about Maneva

About

Maneva's Video-to-Action platform runs computer vision and agentic AI over the camera feeds a plant already has, so a manufacturer does not have to install new sensors to see what is happening on the line. It detects defects, flags hazards and tracks throughput in real time, and sells into steel and lumber manufacturing, meat processing, pharmaceuticals and distribution. Rae Jeong founded the company in 2021 after welding in Alberta, training as an engineer, and working on reinforcement learning and robotics as a research engineer at Google DeepMind; co-founder and CTO Kelvin Chan came from perception R&D at Magna, working on computer vision and deep learning for automotive and manufacturing. The US$27-million Series A announced on 10 June 2026 was led by U.S. Venture Partners and took total funding to US$38.4 million. Jeong took the TechTO stage in April 2025 to talk about what it takes to change one of the largest and most saturated industries in the world using AI.

Backers

Series A led by U.S. Venture Partners, with existing investors Bling Capital and Freestyle Capital participating; earlier seed backing included angel investor Gokul Rajaram.

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Quick answers

What does Maneva do?

It applies computer vision and agentic AI to the camera feeds a factory already has, detecting defects, flagging safety hazards and tracking output in real time without new sensors.

Who founded Maneva and when?

Rae Jeong, a former Alberta welder turned engineer and ex-Google DeepMind research engineer, founded it in 2021 with Kelvin Chan, previously a perception R&D engineer at Magna.

How much has Maneva raised?

US$38.4 million in total, including a US$27-million Series A led by U.S. Venture Partners announced on 10 June 2026.

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Maintained by TechTO · facts sourced and dated · last reviewed Aug 7, 2026