Exclusive: Manufacturing AI startup CADDi valued at $1.2 billion following $114 million Series D funding round

CADDi, a prominent startup specializing in artificial intelligence software designed to empower manufacturers in organizing and leveraging their extensive engineering and production data, has successfully concluded a significant Series D funding round, securing $114 million. This latest infusion of capital propels the company's valuation to an impressive $1.2 billion. The investment round attracted participation from a total of eight new and existing investors, underscoring strong confidence in CADDi's innovative solutions. Among the key participants were Moore Strategic Ventures, a diversified investment firm; Coreline Ventures, a venture capital firm; Woven Capital, the growth-stage investment arm of automotive giant Toyota, reflecting the automotive industry's interest in advanced manufacturing technologies; and HR Tech Fund, the corporate venture capital arm of Recruit Holdings, a major Japanese HR and media conglomerate. An additional new investor chose to remain unidentified. The round also benefited from continued financial backing from established investors, including Atomico, a global venture capital firm known for its focus on technology; Globis Capital Partners, a Japanese venture capital firm; and the JPS Growth funds, which are managed by a subsidiary of Japan Post Bank, a significant financial institution in Japan. This new valuation represents a substantial leap, more than doubling the $470 million valuation CADDi reported in March 2025, indicating rapid growth and market traction. With this Series D round, CADDi's total funding raised since its inception now stands at $234 million. Founded in 2017, CADDi's initial foray into the market was marked by its flagship product, CADDi Drawer. This solution was specifically developed to address a pervasive challenge within manufacturing enterprises: the inefficient and costly practice of purchasing numerous similar parts from a multitude of different suppliers. CADDi Drawer's core functionality involved ingesting technical drawings and then meticulously searching a client's internal databases to identify parts that were either identical or highly similar to those already purchased or currently held in inventory. Crucially, the software also provided valuable insights into the historical defect rates associated with these identified parts. This data empowered manufacturers to make more informed and strategic decisions, such as opting to utilize existing stock, reordering from established suppliers, or exploring new sourcing options. In the subsequent two years, CADDi has strategically evolved its product portfolio, expanding beyond its initial offering to establish what it now terms an "AI data platform for manufacturing." This comprehensive platform is engineered to seamlessly integrate diverse data types from across the various systems that manufacturing clients typically employ. This includes, but is not limited to, Computer-Aided Design (CAD) files, Enterprise Resource Planning (ERP) software, and Human Resources (HR) systems. The platform's key innovation lies in its ability to structure this disparate data, making it readily accessible and actionable for both human decision-makers and AI agents. The original CADDi Drawer product has been rebranded as CADDi Explorer, signifying its enhanced capabilities. It is now complemented by CADDi Agent, a newly developed AI agent specifically designed to assist manufacturing companies in their critical efforts to standardize parts and optimize their procurement processes, thereby driving greater efficiency and cost savings.