CADDi, a startup that uses AI to organize manufacturing data and help factories make faster decisions, has raised $114 million in Series D funding at a $1.2 billion valuation.
Moore Strategic Ventures and Coreline Ventures joined as new investors alongside HR Tech Fund, Toyota-backed Woven Capital and Salesforce Ventures, CADDi said Wednesday. Existing investors Atomico, Globis Capital Partners and JPS Growth Investment also participated.
CADDi's valuation has more than doubled from $470 million in March 2025, when it raised $38 million. The new round brings CADDi’s total funding to $234 million.
Bringing factory data into one system
Founded in 2017 by Yushiro Kato and Aki Kobashi, CADDi is headquartered in Chicago and Tokyo. The startup said it serves manufacturers in more than 20 countries.
Manufacturers often keep drawings, purchase records and production data in different systems. CADDi said its platform brings this data together so workers and AI tools can easily find and use it.
CADDi Explorer helps workers find information, while CADDi Agent uses company data to do tasks. CADDi also plans to launch six tools for areas including design, purchasing and production.
CADDi’s customers include Yanmar Holdings, Subaru, Kawasaki Railcar Manufacturing, Mitsubishi Materials USA, Amerequip and YKK, according to its website.
Expanding in North America
CADDi said it will use the funding to develop its AI technology, expand its manufacturing data platform and hire more employees. The firm also plans to grow its operations, with a focus on North America.
"The gap between what is conceptualized and what is implemented in the physical world widens," Kato said. "We see this as a broader human challenge that goes well beyond manufacturing."
The company said it launched its Explorer platform in Japan in August and is now introducing it in the U.S., the world's second-largest manufacturing market.
CADDi's round follows other recent investments in manufacturing AI. Noetive emerged from stealth earlier this week with a $41 million seed round to develop AI for physical industries, while factory software startup Harmoni raised $10 million last week. Limitless Labs, which uses AI to automate programming for machines that cut and shape metal parts, raised $20 million in June.