Latest news with #CADDi
Business Wire
2 days ago
- Business
- Business Wire
CADDi Strengthens Strategic Partnership With Google Cloud, Enters Google Cloud Marketplace
CHICAGO & TOKYO--(BUSINESS WIRE)-- CADDi, the AI-powered data platform transforming manufacturing by democratizing supply chain and design data, today announced its availability on the Google Cloud Marketplace. This significant milestone deepens CADDi's existing strategic partnership with Google Cloud, further integrating powerful cloud adoption and AI technologies for manufacturers worldwide. With CADDi's entry into Google Cloud Marketplace, manufacturing companies can now seamlessly procure CADDi solutions directly through their Google Cloud accounts. This aligns perfectly with the growing industry trend of utilizing marketplaces for technology acquisitions, significantly reducing purchasing complexities and procurement costs. CADDi's enhanced presence in the Google Cloud Marketplace also enriches Google's manufacturing-centric application portfolio, empowering manufacturers to holistically leverage Google Cloud solutions across their entire technology roadmap. Additionally, the marketplace integration allows manufacturers to utilize their committed Google Cloud spend to directly acquire CADDi's transformative solutions. "Our deepening partnership with Google Cloud symbolizes our joint commitment to driving transformative AI and cloud adoption in manufacturing," said Yushiro Kato, CEO and Co-Founder of CADDi. "Together, we're helping manufacturers navigate their digital transformation journeys for decades to come, simplifying procurement and significantly accelerating the time-to-value of advanced manufacturing intelligence." This strategic expansion builds on CADDi's adoption of Google's Looker for embedded analytics within its platform, further enhancing manufacturers' data analysis capabilities and decision-making agility. CADDi's listing in the Google Cloud Marketplace is available immediately. Manufacturers can find CADDi on Google Cloud Marketplace via the direct link here: Google Cloud Marketplace - CADDi. About CADDi CADDi is an AI-powered data platform transforming manufacturing by making design and supply chain data accessible, insightful, and actionable. Founded in 2017 by industry veterans Yushiro Kato (McKinsey) and Aki Kobashi (Apple, Lockheed Martin), CADDi converts decades of scattered and unstructured manufacturing data into actionable intelligence, driving efficiency, reducing costs, and accelerating innovation across manufacturers globally. Headquartered between Tokyo and Chicago, CADDi has operations in Japan, the United States, Vietnam, and Thailand. CADDi supports key sectors including automotive, medtech, biotech, robotics, industrial machining, industrial electronics, and prototyping. Recognized for innovation, CADDi was named to Fast Company's Most Innovative Companies list in 2024 and won the 2024 SaaS Award for Best Business Intelligence and Engineering Management Software. Additional Resources: CADDi Drawer Product Tour CADDi Quote Product Tour CADDi VAVE White Paper CADDi VAVE webinar
Business Wire
05-06-2025
- Business
- Business Wire
Chris Cope Joins CADDi as Vice President of Engineering
CHICAGO & TOKYO--(BUSINESS WIRE)-- CADDi, the AI-powered data platform transforming manufacturing by democratizing supply chain and design data, today announced the appointment of Chris Cope as Vice President of Engineering. Cope brings over 20 years of expertise in building technology with a strong focus on artificial intelligence, security, and automation. "There is no company better positioned (than CADDi) to deliver AI-driven transformation to the world's manufacturers for the years to come. " Share Before joining CADDi, Cope held critical leadership roles at high-growth technology companies including Xometry and Aledade. At Xometry, he served as Senior Director of Software Engineering and Chief Information Security Officer (CISO), playing an instrumental role in scaling the world's largest AI-driven manufacturing marketplace from its Series B funding round through IPO. Cope successfully led software development and site-reliability teams, ensuring stringent compliance and security requirements essential for Aerospace and Defense customers. At Aledade, an innovative AI-enabled healthtech startup, Cope led DevOps and Security initiatives, driving the implementation of secure, scalable systems that supported rapid growth. 'I have admired CADDi for a long time," said Cope. "There is no company better positioned to deliver AI-driven transformation to the world's manufacturers for the years to come. I look forward to accelerating our technological capabilities and further cementing CADDi's position as a global leader in manufacturing technology.' With Cope's appointment, CADDi strengthens its commitment to scaling its engineering operations, enhancing security, and leveraging automation to maintain the highest standards demanded by leading manufacturers worldwide. 'Chris's track record in hyper-growth environments and his deep expertise in AI and secure platform development make him an ideal fit for CADDi as we continue our rapid expansion,' said Yushiro Kato, CEO and Co-Founder of CADDi. 'His strategic insights and obsessive focus on automation will help propel our engineering team forward, enhancing our platform's value to our global customer base.' About CADDi CADDi is an AI-powered data platform transforming manufacturing by making design and supply chain data accessible, insightful, and actionable. Founded in 2017 by industry veterans Yushiro Kato (McKinsey) and Aki Kobashi (Apple, Lockheed Martin), CADDi converts decades of scattered and unstructured manufacturing data into actionable intelligence, driving efficiency, reducing costs, and accelerating innovation across manufacturers globally. Headquartered between Tokyo and Chicago, CADDi has operations in Japan, the United States, Vietnam, and Thailand. CADDi supports key sectors including automotive, medtech, biotech, robotics, industrial machining, industrial electronics, and prototyping. Recognized for innovation, CADDi was named to Fast Company's Most Innovative Companies list in 2024 and won the 2024 SaaS Award for Best Business Intelligence and Engineering Management Software. For more information, visit Additional Resources:
Yahoo
28-03-2025
- Automotive
- Yahoo
Exclusive: Japanese AI startup CADDi that helps manufacturers optimize supply chains gets $38 million in new funding
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. CADDI, which has headquarters in both Tokyo and Chicago, already has some U.S. customers and is planning to use the new funding to ramp up its U.S. expansion. The company also plans to double the number of software engineers it employs, from 150 to 300, Yushiro Kato, the ex-McKinsey consultant who is CADDi's cofounder and CEO, said. The company currently employs 600 people in total. CADDi sells software that addresses a problem many large manufacturing companies have: They have too many similar parts being provided by too many different suppliers. CADDi ingests technical drawings of a part and then searches the company's own data to find similar components—or, in some cases, identical parts—that are already in the company's inventory or that it has bought previously. It also allows employees to search for parts using keywords that may be used in component descriptions. Manufacturers can use CADDi's software to avoid component duplication, optimize supply chains for parts, such as fasteners, that may be common to many different products, and potentially reduce the number of suppliers they are using. That in turn can save costs by reducing the amount of time it takes to source a part and avoiding duplicative procurement processes and related paperwork. It also potentially lets the manufacturer get better prices on parts by purchasing higher volumes from a smaller number of suppliers. Kato told Fortune that the startup's customers are primarily companies that make machinery for factories—for instance, food production machinery, packaging machinery, and semiconductor manufacturing machinery—and also automotive and auto parts companies. He said that one automotive parts customer reduced the number of different fastener SKUs it was using by 60% thanks to CADDi's software. Automotive company Subaru said in a statement provided to Fortune that using CADDi's software had saved it 'hundreds of hours per month' in the time employees spend searching for technical drawings. DENSO, the Japanese auto parts company, has a partnership with CADDi and said in a statement that the company's software allows younger, less experienced workers source components faster. Previously, procurement processes were dependent on the knowledge of veteran workers, many of whom are now approaching retirement age, DENSO said. It also said that it was working with CADDi to develop additional product features, such as the ability to search three-dimensional drawings, as well as two-dimensional engineering schematics. Kato declined to reveal the company's current revenues 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 founded, it functioned as a kind of 'Amazon marketplace for machinery components,' Kato said. Customers would send it technical drawings or engineering specs for parts that they needed, and CADDi would go out and source those parts for the customer, acting as a kind of parts broker. In order to do this efficiently though, the company wound up developing a lot of its own software, including AI models that can do searches based on technical drawings. Three years ago, Kato and his cofounder Aki Kobashi, who is CADDi's chief technology officer, pivoted away from being a parts marketplace, instead selling the AI software it had developed as a cloud-based platform to manufacturing companies. This story was originally featured on Sign in to access your portfolio
