CADDi hits $1.2B valuation with $110 million Series D
What's the deal? CADDi, a startup selling AI software that helps manufacturers organize and use their engineering and production data, has raised $114 million in a Series D round that values it at $1.2 billion. That is more than double the $470 million it reported in March 2025. Total funding now stands at $234 million.
Who's backing it? Eight new and existing investors joined the round, the Tokyo- and Chicago-based company said. Backers include Moore Strategic VenturesDealroom has a profile for this one. Try Dealroom →, Coreline VenturesDealroom has a profile for this one. Try Dealroom →, Toyota's growth fund Woven CapitalDealroom has a profile for this one. Try Dealroom →, and HR Tech Fund, the venture arm of Japan's Recruit HoldingsDealroom has a profile for this one. Try Dealroom →. Existing investors Atomico, Globis Capital PartnersDealroom has a profile for this one. Try Dealroom →, and the JPS Growth funds also took part.
What's the endgame? Founded in 2017, CADDi started with a tool that scanned technical drawings to help firms avoid buying too many similar parts from different suppliers. It has since built what it calls an "AI data platform for manufacturing," integrating everything from CAD files to enterprise resource planning software.
What's new? Its flagship product, renamed CADDi Explorer, is now joined by CADDi Agent, which helps firms standardize parts and assess how design changes affect performance and safety. Six "workflow" products target specific tasks, such as flagging errors in new drawings based on past problems.
Cofounder and chief executive officer Yushiro Kato says the platform aims to capture knowledge that experienced staff carry in their heads. More than 80% of manufacturing know-how "is never recorded anywhere," he said. CADDi uses a proprietary AI model for drawings and CAD files, and general-purpose large language models for documents.
The traction: Kato declined to share revenue or customer figures but said sales are more than doubling year over year, with customers in 22 countries. More than half of Japan's 100 largest manufacturers use CADDi, he said, and headcount has grown to about 900, up from 600 in early 2025.
Where the money goes: Kato said the funds will expand the product lineup, build AI models that understand manufacturing data such as 3D CAD files, fuel global expansion centered on North America, and support hiring. CADDi markets on measurable returns — lower material costs or shorter engineering lead times — which he called critical for firms competing with Chinese rivals.
The signal: The round sits in the top tier of recent deals by size, ranking around the 38th percentile against a score-based benchmark. It underscores investor appetite for AI tools that turn undocumented industrial expertise into structured, usable data.
Read more: fortune.com
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