AI startup CADDi, which helps manufacturers solve their 'too many parts' problem, gets $38 million in new funding

CADDi cofounder and CEO Yushiro Kato standing on a street in the U.S. with his arms crossed. (Credit: Courtesy of CADDi)

CADDi, a Japanese startup that uses AI to help large global manufacturing companies optimize their supply chains, has raised $38 million in new funding from U.K.-based venture capital firm Atomico.

The new funding values CADDi at $470 million, the company said. The investment round, which the company is classifying as a “Series C extension,” brings the total amount of venture funding CADDi has raised since its founding in 2017 to $202 million.

CADDi had announced an $89 million Series C round in July 2023, with DCM Ventures, Globis Capital Partners, Minerva Growth Partners, and WiL (World Innovation Lab) all participating in the round.