CADDi's $1.2bn Series D prices eighteen months of doubling sales

The step-up works out at 2.55 times over about eighteen months, measured from the March 2025 figure to Fortune's report of the round on 15 September 2026. Yushiro Kato, CADDi's cofounder and chief executive, declined to disclose revenue or customer numbers, but said sales are more than doubling year over year. A doubling every twelve months compounds to 2.8 times over eighteen. On the company's own description of its growth, the investors in this round paid slightly less per unit of revenue than the investors in the last one.

The $114 million is about 9.5 percent of the $1.2 billion post-money valuation, and it is 49 percent of the $234 million CADDi has raised since it was founded in 2017. Prior funding was therefore around $120 million. Against a headcount of about 900, total capital raised comes to roughly $260,000 per employee.

Woven Capital is the growth-stage fund of Toyota, a company in the industry CADDi sells into, and HR Tech Fund is the corporate venture arm of Recruit Holdings. Existing backers Atomico, Globis Capital Partners and the JPS Growth funds, managed by a Japan Post Bank subsidiary, took part again. CADDi markets on measurable returns such as lower direct material costs and shorter engineering lead times, which Kato said matters to automakers and other manufacturers competing with Chinese rivals.

The technical claim underneath is narrow. CADDi runs its own model on drawings and CAD files and general-purpose large language models on documents and spreadsheets. "I've never seen anybody who uses LLMs to do design reviews because it doesn't understand drawings or CAD," Kato said. He also said more than 80 percent of the knowledge about manufacturing work processes is never recorded anywhere and instead sits in the heads of experienced employees.

Like many AI companies, CADDi has started hiring forward deployed engineers. "The goal is to change the organization and create a business impact," Kato said.

Fortune's account covers the company and its round.

If CADDi Agent and the six workflow products take over onboarding, customer success falls as a share of staff and a flat multiple on 2.8 times revenue growth will look cheap; if every new market needs its own customer success staff, payroll tracks revenue and the $1.2 billion rests on the doubling continuing. The measurable test is revenue per employee: headcount rose 50 percent, from 600 to about 900, across the same eighteen months in which Kato says sales more than doubled, so half again as many people are carrying at least 180 percent more sales. If the next 300 hires arrive with less than 50 percent revenue growth behind them, the mark is what has to move.