CADDi, an AI software startup focused on manufacturing, secured $114 million in a Series D funding round that values the company at $1.2 billion, the Tokyo- and Chicago-based firm announced. The new valuation more than doubles its $470 million valuation reported in March 2025, bringing total funding raised to $234 million, according to fortune.com.
The Series D round included eight investors, both new and existing. New participants were Moore Strategic Ventures, Coreline Ventures, Toyota’s growth-stage fund Woven Capital, and HR Tech Fund, the corporate venture arm of Japan’s Recruit Holdings. Existing investors Atomico, Globis Capital Partners, and Japan Post Bank’s JPS Growth funds also contributed. One new investor was not disclosed, per fortune.com.
Founded in 2017, CADDi developed CADDi Drawer, an AI-powered product that helps manufacturers optimize procurement by analyzing engineering drawings and identifying similar or identical parts in inventory or previous purchases. The software also evaluates defect rates to guide decisions on using existing stock, repurchasing, or sourcing new suppliers. This funding round marks a significant increase in valuation amid growing demand for AI-driven manufacturing solutions, fortune.com reports.
The $114 million Series D round brings CADDi’s total funding to $234 million, underscoring investor confidence in AI applications for manufacturing efficiency, according to fortune.com.