CADDi to accelerate manufacturing digital transformation

Share
Digital transformation
Global procurement solutions provider CADDi has secured a US$89m funding boost for its work in digitally transforming the manufacturing sector

CADDi has announced a significant funding boost for its manufacturing digital transformation.

The Series C funding round has secured US$89m, raising total capital to $164m. This was co-led by investors Globis Capital Partners, DCM Ventures, Global Brain, World Innovation Lab (WiL), JAFCO Group and Minerva Growth Partners.


Digital transformation at CADDi

CADDi is a global procurement solutions provider headquartered in Chicago, which was founded in 2017, with the aim of revolutionising the manufacturing sector. CADDi has two solutions: 


CADDi Manufacturing

A parts procurement platform and a one-stop service for manufacturing which utilises original technologies to optimise quality, cost and delivery within its supply chain infrastructure. 


CADDi Drawer

Launched in 2022, "CADDi Drawer," is a cloud-based data utilisation system which aims to further digitally transform the manufacturing industry.

Youtube Placeholder

The new round of investment will be mainly used to grow the CADDi manufacturing division, enhance the technological capability of CADDi Drawer, and further expand their global workforce.

These steps will look to help them achieve ambitious goals of generating $10bn in revenue by 2030, with CADDi Drawer contributing over $100m in ARR within a few years and $1bn in revenue by 2030. A significant building block of that strategy is growth in the North American market with the US office expanding to 100 employees within a year.

 

CADDi's manufacturing growth

CADDI has seen significant growth since the round of Series B funding in August 2021. It has expanded from 230 to 590 employees and has increased their global footprint, and has recently established a US division and Mexico supplier operations to cater to American manufacturers.

“Our mission is to unleash the potential of manufacturing,” said CEO, Yushiro Kato. “As the first step, we will focus on parts procurement for industrial machines and factories, along with software for drawings analysis and utilisation. Like a caddie in golf, CADDi strives to guide the manufacturing industry to unleash its full potential.”

Share

Featured Articles

Achieve Digital Manufacturing Continuity with DELMIA

Discover how to digitally connect your operations in Dassault Systèmes's Delmia's webinar 'Achieve Digital Continuity: Connect Engineering to Operations'

Trump Tariffs Spark Trade War: The Manufacturing Impact

As US President Donald Trump's tariffs on Mexican, Chinese and Canadian goods go ahead, these three nations have responded with measures of their own

EXIGENCE: Curbing Green Impact of Telecoms Manufacturing

Ten organisations have come together to create EU Tech Consortium EXIGENCE, designed to combat telecoms carbon footprint and the environmental impact of 6G

Ranking the Top Five Manufacturing Stories of the Week

Production & Operations

JLR Boosts Bespoke Offerings via Sustainable Paint Evolution

Production & Operations

BIC's Model for Global and Operational Manufacturing Success

Production & Operations