CADDi raises $114 million at $1.2 billion valuation

Originally featured on siliconreport.com

Tokyo- and Chicago-based CADDi has raised $114 million in a Series D funding round that values the manufacturing software startup at $1.2 billion, Fortune reported.

The valuation is more than double the $470 million CADDi reported in March 2025 and lifts total capital raised to $234 million. Eight new and existing investors joined the round, including Moore Strategic Ventures, Coreline Ventures, Toyota’s Woven Capital, Atomico, and Globis Capital Partners.

Domain models and expansion

CADDi began by using machine learning to identify duplicate parts and defect rates from technical drawings. The company has since expanded into an engineering data platform that structures CAD files, enterprise resource planning data, and human resources records for automated workflows.

The startup relies on proprietary models for drawings and general large language models for text and spreadsheets. “I’ve never seen anybody who uses LLMs to do design reviews because it doesn’t understand drawings or CAD,” cofounder and chief executive Yushiro Kato said.

Kato said the capital will fund North American expansion, model development, and hiring across technical teams. The company has grown to roughly 900 employees, deploying forward engineers and more than 100 customer success specialists to assist industrial clients with change management.

Why it matters: CADDi will use the new financing to expand specialized engineering models and deployment teams, helping industrial customers lower direct material costs and compress development cycles against overseas rivals.