CADDI, a Japanese emerging company that uses Amnesty International to help large global manufacturing companies to improve its supply chains, has collected 38 million dollars of new financing from the UK’s investment capital.
The company said that the new financing estimated Caddi at $ 470 million. The investment round, which is classified by the company “Extension of Series C”, brings the total amount to finance the project that CADDI has collected since its establishment in 2017 to $ 202 million.
CADDI announced a round C $ 89 million in July 2023, with DCM Ventures, Globis Capital Partnersand Mineeva growth partnersand Will (Global Innovation Laboratory) All participation in the tour.
CADDI, which includes a major headquarters in both Tokyo and Chicago, has already some American customers and plans to use new financing to increase its expansion in the United States. The company is also planning to double the number of software engineers whom it employs, from 150 to 300, Yoshuro Kato, former-McKinsey The consultant, who is the founder and CEO of CADDI, said. The company is currently employing 600 people in total.
CADDI sells programs that deal with a problem with many large manufacturing companies: it has many similar parts provided by many different suppliers. CADDI accommodates the technical drawings of the part and then searches for the company’s private data to find similar components – or, in some cases, identical parts – that are already in the company’s stock or it has previously bought it. Employees are also allowed to search for spare parts using keywords that can be used in component descriptions.
Manufacturers can use Caddi to avoid double ingredients, improve supply chains for parts, such as fasteners, which may be common in many different products, and may reduce the number of suppliers who use them. This can in turn save costs by reducing the amount of time it takes to the source of part and avoid repeated purchases and relevant papers. It is also possible that the manufacturer allows better prices for spare parts by buying higher sizes than fewer suppliers.
Cato said luck The startups of the startup are primarily companies that manufacture machines for factories – for example, food production machines, packaging machines, and semiconductor manufacturing machines – as well as auto companies and auto parts.
He said that the One One Parts client has reduced the different SKUS that he was using by 60 % thanks to the CADDI program.
Car Company Subaru He said in a statement submitted to luck The use of Caddi has provided it with “hundreds of hours per month” while employees spend in search of technical graphics.
Denso, the Japanese auto parts company, has a partnership with CADDI and said in a statement that the company’s program provides components of the smaller and less experienced workers. Previously, purchases were based on the knowledge of veteran workers, many of whom are now close to retirement. She also mentioned that she was working with CADDI to develop additional products features, such as the ability to search in 3D graphics, as well as two -dimensional engineering.
Kato refused to unveil the company’s current revenues or the total number of customers who are currently using the platform. But he said that the company was targeting the revenue of one billion dollars from the software platform by 2030.
When Caddi was first established, he was working as a kind of “kind of”Amazon Marketplace for the components of machines, Cato said: “Customers will send technical graphics or engineering specifications for the parts they need, CADDI will come out and export these parts to the customer, and act as a kind of parts broker. For manufacturing companies.
This story was originally shown on Fortune.com
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