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December 13, 2023
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AllSpice.io nets $10m, revolutionizing electronics design and expanding enterprise reach.

AllSpice.io, the hardware development platform that empowers engineers to modernize their collaboration and workflows, has raised an additional $10 million in venture capital. The funds will be used for enhancing the features of its existing enterprise customer base, expanding complex implementations, integrations, and additional ECAD (Electronic Computer-Aided Design) format support. The funding round included participation from key investors such as Root Ventures, Flybridge Capital Partners, Benchstrength, Bowery Capital, and a group of angel investors.

Built by engineers themselves, AllSpice.io aims to modernize engineering workflows by providing a hardware collaboration platform that utilizes Git for seamless automation, cross-team collaboration, and version control. This enables engineers to develop hardware more efficiently. Valentina Ratner, Co-Founder & CEO of AllSpice.io highlights the rising need for greater team efficiency within enterprises due to the increasing complexities of electronics designs and shorter delivery timelines.

AllSpice.io caters to a wide user-base including Hardware Engineers, PCB Designers, and Electrical Engineers as well as Firmware Engineers, Software Engineers, Contract Manufacturers, and Procurement Departments that work in parallel to one another across multiple industries. Some of the industries served by AllSpice.io range from robotics, consumer electronics to transportation and medical devices.

The funding will serve particular objectives such as releasing CI (Continuous Integration) and CD (Continuous Deployment) for hardware development, implementing AI for electronics design, supporting the growing number of enterprise customers, and facilitating the growth of product roadmaps, team, additional ECAD formats, and SaaS integrations.

To conclude, AllSpice.io aims to leverage the funding to enhance the modernization process of electronics design collaboration and to meet the unique requirements of diverse industries through efficient hardware development and collaboration.

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