Canals
Latest round
- Series A
Last raised
- May 2026
Total raised
- $34M
Investors
- 1
About Canals
Canals, Inc.Founded in 2022 in Coral Gables, US, Canals, Inc. specializes in providing automation solutions for the construction and industrial supply chain. The company was established by a team with prior experience in the industry.Canals offers a suite of AI-driven automation solutions designed specifically for manufacturers, distributors, and contractors within the construction and industrial supply chain sectors. The core functionality centers around streamlining the sales order entry and accounts payable processes, allowing users to transform customer inquiries into quotes or orders quickly and efficiently, often within minutes. The platform eliminates the need for traditional templates or customer-specific setups, instead utilizing machine learning to adapt to the unique needs of each business and improve accuracy over time. Canals also automates invoice processing, ensuring that trade and expense invoices are validated against business rules and seamlessly integrated into existing ERP systems.Canals generates revenue through a subscription-based model that facilitates access to its AI-powered platform for businesses engaged in wholesale distribution and related sectors. Clients typically subscribe to the service to automate their quoting, order processing, and invoicing needs, enhancing operational efficiency and reducing manual labor. The transactions are structured as B2B partnerships, with services provided directly to companies utilizing the platform to improve their internal processes. Revenue is derived from these subscriptions, with additional potential for growth stemming from increased user engagement and operational scale as businesses see tangible benefits from the implementation of Canals' technology. The company aims to introduce new products designed to enhance automation within the next 18 months and plans to expand into new markets, including specific regions in Europe and additional states in the US by the end of 2027.
Who invested in Canals
1 investor across 1 round
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Funding rounds
Series A
May 28, 2026
Amount
$34M
Investors
Questions about Canals
Who invested in Canals?
Canals has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Canals raised?
Canals has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Canals last raise money?
Canals's most recent round on record is a Series A, in May 2026.
What does Canals do?
Canals is a software company.
Where is Canals headquartered?
Canals is headquartered in Coral Gables, US.
Which VCs invest in companies like Canals?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Canals's stage. Their profiles are linked below.
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