Global Brain has decided to invest in CADDi Inc. (CADDi), a provider of an AI data platform for manufacturing, through SMBC-GB Growth Fund jointly managed with SMBC Venture Capital Management Co., Ltd. CADDi provides a manufacturing AI data platform with the mission to “unleash the potential of manufacturing.” The product enhances production activities and decision-making by analyzing and correlating data on the engineering chain and supply chain of the manufacturing industry and extracting insights. CADDi is driving digital transformation in the manufacturing industry by structuring scattered experiences and data with its unique technology and expertise, transforming them into assets. CADDi operates its business in four countries globally, namely Japan, Vietnam, Thailand, and the United States, and continues to grow significantly beyond T2D3^\*, a benchmark for top-performing SaaS companies, accelerating its global business expansion. The number of companies introducing CADDi’s platform is rapidly increasing, and many of the user companies are achieving results such as reducing procurement costs and shortening lead times. Through this funding, CADDi will enhance its platform’s functions, strengthen the development of AI technology, and expand its business globally. Global Brain has decided to additionally invest in CADDi, highly recognizing its rapid growth, the significant results achieved by its client companies, and the management team that makes it all possible. Through this investment, Global Brain will provide multifaceted support to CADDi for its further growth. Note: Global Brain announced its investment in CADDi through its GB-VI Growth Fund Investment Limited Partnership in December 2018, GB-VII Growth Fund Investment Limited Partnership in August 2021, and GB-VIII Growth Fund Investment Limited Partnership in July 2023.
https://globalbrains.com/en/posts/invested-in-caddi
https://globalbrains.com/en/posts/follow-on-investment-in-caddi
https://globalbrains.com/en/posts/follow-on-investment-in-caddi-2
^\* T2D3 is a benchmark that indicates a SaaS company’s growth from JPY 100 million in annual recurring revenue (ARR) to approximately JPY 10 billion over five years, during which the ARR is tripled for two consecutive years and then doubled for three consecutive years. Companies such as ServiceNow, Marketo, and Zendesk have achieved such growth.

About CADDi

Location: Taito-ku, Tokyo, Japan
Representative: Yushiro Kato
Founded: November 2017
URL: https://caddi.com/
(Available only in Japanese)
https://us.caddi.com/
(English website for CADDi Co., Ltd., a subsidiary in the US)

About SMBC-GB Growth Fund

Name: SMBC-GB Growth I Investment Limited Partnership
General Partners: SMBC Venture Capital Management Co., Ltd. and Global Brain Corporation
Limited Partner: Sumitomo Mitsui Banking Corporation (SMBC)
Fund Size: JPY 30 billion

About Global Brain

Location: Tokyo, Japan
Representative: Yasuhiko Yurimoto
Founded: January 1998
URL: https://globalbrains.com

Global Brain has decided to make an additional investment in CADDi Inc., a provider of an AI data platform for manufacturing