CadifyAI

Design hardware faster

15 Feb

Every year billions are spent on engineers designing our physical world using computer-aided design software (CAD).

Existing platforms have seen little innovation over the years with engineers spending 3-5 years to become skilled and dealing with tedious and repetitive design tasks.

Recent advancements in multi-modal generative models have allowed for new opportunities in the CAD software market.

CadifyAI is a co-pilot for CAD software, leveraging AI to automate tasks and enable engineers to design hardware faster

Automate - Reduce time to design hardware by at least 10x

Augment - Upskill existing engineers with easy-to-use text prompts

Integrate - Seamless integration with existing CAD platforms

Founder

Tahmid Tapadar, Co-Founder & CEO - Previously founder of SoftwareNL (acquired). MS Econometrics, Erasmus University

Angus Stewart, Co-Founder & CTO - Previously software engineering intern at Five AI. MSc Informatics, University of Edinburgh

Jeremy Soper, Co-Founder & CPO - Previously COO at Asteroid Mining Co and aeronautical engineer at Skyfly Technologies. MEng Engineering, University of Cambridge

Spotlight Analysis

Strengths

  • Industry tailwind: There is a talent shortage of CAD engineers in the UK and this should provide the necessary productivity boost

  • Long-term moat: Training on proprietary CAD models will provide a defensible moat

Weaknesses

  • Tech risk: Tackling the issue of change propagation is key to building a generative design model

  • Platform risk: the product will be an add-on to existing CAD software so it is at risk of updates/migrations

Market

KittyCAD (Zoo) - Raised $5m in a seed round led by Venrex with participation from Sequoia Capital, Calm Ventures and others in March 2023

Leo - Raised an undisclosed pre-seed round led by TechAviv Founder Partners in 2023

Why Cadify?

The team has the right youth blueprint to provide an outside-in perspective and enhance CAD software from the 90s.

Key Details

Year founded: 2023

Summary: CadifyAI is a co-pilot for CAD software, leveraging AI to automate tasks and enable engineers to design hardware faster

Currently raising: Yes, raising pre-seed round

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