CADDi raises $114M at $1.2B valuation to bring manufacturing AI to North America
Manufacturing artificial intelligence startup CADDi Co. Ltd. today announced it has raised $114 million in new funding at a valuation of $1.2 billion. The company plans to use part of the money to expand in North America. CADDi builds software that lets manufacturers put the information locked inside their engineering drawings to work. CADDi Drawer, […] The post CADDi raises $114M at $1.2B…
Manufacturing AI startup CADDi Co. Ltd. has raised $114 million in new funding at a valuation of $1.2 billion, expanding its reach into North America. The company's software reads engineering drawings to unlock information locked inside them. CADDi's Drawer, launched in 2022, allows engineers to search archived part designs by shape or specification.
The new Manufacturing AI Data Platform, debuted in Japan and now launching in the U.S., sorts out data scattered across departments and turns it into a common set. CADDi Explorer, the manufacturing discovery engine, and CADDi Agent, which analyzes data and acts on it, are also part of the platform. The software aims to help manufacturing steps run in parallel, a goal that CEO Yushiro Kato believes has been delayed due to the slow pace of progress in the physical world.
Kato criticized the use of general-purpose AI in design reviews, stating that it doesn't understand drawings or CAD. The company plans to use the funding for AI technology development, platform expansion, and hiring. Kato co-founded CADDi in 2017 with Aki Kobashi, an Apple employee. The company has raised a total of $234 million in funding.
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