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About Caddi
Industries
Industrial & Manufacturing
Enterprise Software
Company Size
201-500
Company Stage
Series C
Total Funding
$222.9M
Headquarters
Chicago, Illinois
Founded
2017
Overview
Caddi provides cloud-based software solutions that focus on the auto-recognition and management of 2D diagrams, specifically tailored for the manufacturing sector. Their technology helps clients convert data into actionable insights, which enhances decision-making and operational efficiency. Caddi operates on a subscription model, allowing clients to access their software platform for a fee, with additional revenue opportunities from add-on services. What sets Caddi apart from competitors is its specific focus on addressing inefficiencies in the manufacturing industry, which has not seen much innovation recently. The company's goal is to improve productivity and streamline operations for its clients by leveraging data effectively.
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Simplify's Take
What believers are saying
- CADDi secured ¥9.1 billion for global expansion into Europe, the US, and Asia.
- The company is experiencing growth surpassing the T2D3 benchmark, indicating strong market performance.
- Increased demand for cloud-based software aligns with CADDi's offerings, boosting potential market share.
What critics are saying
- Increased competition from AI-driven SaaS platforms could erode CADDi's market share.
- Economic instability in Europe and Asia may affect CADDi's expansion plans and revenue growth.
- Potential data privacy concerns could lead to regulatory challenges and loss of client trust.
What makes Caddi unique
- CADDi offers AI-driven SaaS solutions for manufacturing, enhancing operational efficiency and decision-making.
- Their platform auto-recognizes and manages 2D diagrams, improving productivity and data insights.
- CADDi's subscription model provides flexibility and scalability for adopting new technologies.
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Funding
Total Funding
$222.9M
Above
Industry Average
Funded Over
4 Rounds
Benefits
Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
401(k) Company Match
Unlimited Paid Time Off
Paid Vacation
Paid Holidays
Company Social Events
Professional Development Budget
Conference Attendance Budget
Commuter Benefits
Growth & Insights and Company News
6 month growth
↓ -4%1 year growth
↓ -2%2 year growth
↓ -2%CADDi, a startup known for its manufacturing parts ordering service, announced on March 27 that it has raised a total of ¥9.1 billion. This includes ¥4 billion from three firms, including UK-based Atomico, and ¥5.1 billion in long-term debt financing from four financial institutions. CADDi has pivoted from its original business to focus on a new AI-driven SaaS venture, integrating its previous services. The funding will support its global expansion into Europe, the US, and Asia.
CADDi, a startup transforming parts procurement in manufacturing, was founded in November 2017. Within a year of service, it secured ¥1 billion in funding from major VCs like DCM and WiL, with over 3,000 companies adopting its platform. CEO Kato, noted for being McKinsey's youngest manager, is expanding the organization to hundreds of employees. The company features a unique structure with "two customer successes" and seeks a complementary leader akin to Kingdom's Kanki.
Global Brain, in collaboration with SMBC Venture Capital Management, has decided to make an additional investment in CADDi Inc., a company providing the AI data platform 'CADDi' for the manufacturing industry. CADDi aims to enhance production activities and decision-making by analyzing and linking data across engineering and supply chains. The investment will support CADDi's global expansion and AI development. Global Brain has previously invested in CADDi in 2018, 2021, and 2023.
Minerva Growth Partners has invested in CADDi's Series C extension round. CADDi, a startup providing an AI data platform for manufacturing, aims to enhance production and decision-making by analyzing and structuring data. The company operates in Japan, Vietnam, Thailand, and the US, and is experiencing growth surpassing the T2D3 benchmark. Minerva's investment will support CADDi's long-term growth and innovation in addressing manufacturing challenges.
Japanese AI startup CADDi, co-founded by CEO Yushiro Kato, has secured $38 million in new funding. The company, which specializes in software to streamline supply chains for manufacturers, is planning a significant expansion into the U.S. market.
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About Caddi
Industries
Industrial & Manufacturing
Enterprise Software
Company Size
201-500
Company Stage
Series C
Total Funding
$222.9M
Headquarters
Chicago, Illinois
Founded
2017
Caddi is Hiring for 4 Jobs on Simplify!
Find jobs on Simplify and start your career today
People Also Viewed
Discover companies similar to Caddi