CADDi Doubles to $1.2B Valuation with $114M Series D

For founders and VCs, CADDi's Series D offers a clear growth marker: an 18-month valuation jump from $470 million to $1.2 billion in an industrial AI niche that is still maturing. The presence of Toyota's Woven Capital and Recruit's HR Tech Fund alongside Atomico and Globis shows how strategic corporate capital is validating category-defining manufacturing software.

CADDi, a Tokyo- and Chicago-based software company, has closed a $114 million Series D round at a $1.2 billion valuation, Fortune exclusively reported on September 15, 2026. The company said eight new and existing investors participated, bringing total funding to $234 million and valuing the business at more than double the $470 million mark CADDi reported in March 2025. The round blends financial and strategic capital: Moore Strategic Ventures and Coreline Ventures joined, as did Woven Capital, the growth-stage fund of Toyota, and HR Tech Fund, the corporate venture arm of Recruit Holdings. Existing backers Atomico, Globis Capital Partners, and JPS Growth funds, managed by a Japan Post Bank subsidiary, also participated; one new investor was not identified.

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For founders and VCs, CADDi's Series D offers a clear growth marker: an 18-month valuation jump from $470 million to $1.2 billion in an industrial AI niche that is still maturing.

CADDi was founded in 2017 to address a common manufacturing problem: companies buy too many similar parts from different suppliers. Its original product, CADDi Drawer, ingested technical drawings and searched a customer's own databases for identical or similar parts already in inventory or previously purchased. It also surfaced defect rates, giving procurement teams data to decide whether to use existing stock, reorder from an existing supplier, or source new suppliers. Over the past two years, CADDi has broadened that narrow parts-search product into what it calls an AI data platform for manufacturing. The platform integrates data types from CAD files, enterprise resource planning systems, and HR systems, structures the information, and makes it available to people and AI agents. CADDi Drawer has been rebranded as CADDi Explorer, and the company has added CADDi Agent, an AI agent intended to help manufacturers standardize parts decisions.

The valuation jump matters because it suggests investors are repricing domain-specific industrial AI from point solutions to platform businesses. A move from $470 million to $1.2 billion in roughly 18 months is not a general AI hype cycle artifact alone; it reflects CADDi's attempt to own the data layer across engineering, procurement, production, and workforce systems. For manufacturers, that data layer is messy, fragmented, and often locked in legacy formats, so credible software that can structure it has meaningful pull. The inclusion of Woven Capital is especially notable because Toyota's supply chain is one of the world's largest and most complex, and the fund's investment creates a potential real-world deployment channel. HR Tech Fund's participation signals that workforce and organizational data may become part of the AI-driven manufacturing stack, not just engineering data.