Exclusive: Japanese AI startup Caddi that helps manufacturers optimize chains supply get $ 38 million in new funding
Caddi, a Japanese startup that uses AI to help major global production companies optimize its supply chains, has raised $ 38 million in new financing at Atomico based in the UK.
New funding prices Caddi at $ 470 million, the company said. The investment circuit, which the company classifies as a “extension of the series C”, brings the total amount of the funding of the venture that Caddi has collected since its establishment in 2017 to $ 202 million.
Caddi announced a $ 89 million series in July 2023, with DCM Ventures, Globis Capint Partners,, Minerva growth of partners,, and Wil (World Innovation Laboratory) Everyone participates in the circle.
The Caddi, which has the headquarters and in Tokyo I in Chicago, already has some American customers and plans to use a new financing to increase its expansion to the United States. The company also plans to double the number of software engineers it hires, from 150 to 300, Yoshuro Kato, Ex-McKinsey Advisor who is the co -founder and Caddi CEO, he said. The company currently employs 600 people.
Caddi sells software that has a problem that have many large production companies: they have too many similar parts that provide too many different suppliers. Caddi inserts the technical drawings of the part, then searches for his own company information to find similar components – or, in some cases, identical parts – which are already in the company’s inventory or who has previously purchased. It also allows employees to search parts using keywords that can be used in component descriptions.
Manufacturers can use Caddi software to avoid multiplication of components, optimizing the stock supply chains, such as fasteners, which can be common to many different products and potentially reduce the number of suppliers they use. This in turn can save costs by reducing the amount of time needed for the source of the part and avoiding duplicative procurement processes and related papers. It also potentially allows the manufacturer to get better prices of parts by buying a higher amount than a smaller number of suppliers.
Kat said Wealth That the buyers of startups are primarily companies that make factory machines – for example, food production machines, packaging machines and semiconductor production machines – and also cars and car parts companies.
He said one car buyer for car parts reduced the number of different ski -a fixtures he used by 60% thanks to Caddi’s software.
Car company Subaru said in a statement that was provided Wealth The fact that he saved the “hundreds of hours per month” by Caddi’s software at a time while employees spend seeking technical drawings.
Denso, a Japanese Auto Company, has a partnership with Caddi and a statement said that the company software provides faster to younger, less experienced workers. Previously, the procurement processes depended on the knowledge of the veterans workers, many of whom are now approaching a retired age, Denso said. He also said that he cooperated with Caddi on the development of additional product features, such as the possibility of searching three-dimensional drawings, as well as two-dimensional engineering schemes.
Kat has refused to discover the current revenue of the company or the total number of customers currently using the platform. But he said the company was targeting $ 1 billion in revenue from its software platform by 2030.
When Caddi was first based, it functioned as a kind of “Amazon Machine components, “Cat said. Customers would send it to technical drawings or engineering specifications for the parts they need, and Caddi would go out and perform those customer parts, acting as a kind of intermediary of parts. To effectively do so, the company has overtaken many its own software, including models in the basis of three years. is from the market market, instead sells AI software that has developed as a platform based on a cloud of manufacturing companies.
This story is originally shown on Fortune.com
