AllSpice.io raises $6 million in additional funding for its hardware collaboration platform

In the past, developing hardware products used to be a lengthy process involving years of research and development. However, in today’s fast-paced tech landscape, companies can’t afford to spend that much time, as by the time they launch, the technology becomes outdated. Not only that, hardware teams now face more intricate requirements and constantly shrinking delivery timelines.

Kyle Dumont, the Co-Founder & CTO of AllSpice.io, personally encountered the difficulties of creating a hardware design and review process that could proactively adapt to evolving business and operational needs. This experience prompted him and his team to create AllSpice.io, a hardware collaboration platform. This Git for hardware platform connects native engineering design tools, offering seamless Git-based revision control, a central hub for cross-team collaboration, workflow automation, and design analytics.

To further expand its enterprise customer base and bring modernization to electronics design collaboration, AllSpice.io announced today that it has secured an additional $6 million in venture capital funding. This latest round, supported by notable investors such as Root Ventures, Flybridge Capital Partners, Benchstrength, Bowery Capital, and a group of angel investors, brings the total funding for AllSpice.io to $10 million.

AllSpice.io will use the fresh capital infusion to develop new features catering to its growing enterprise customer base and to enhance complex implementations, integrations, and additional support for ECAD formats.

AllSpice.io, founded and constructed by engineers, empowers fellow engineers to streamline their workflows using the capabilities of Git. Through features like automation, cross-team collaboration, and version control, engineers can efficiently develop hardware. AllSpice.io’s clientele spans from startups to Fortune 500 companies in diverse industries such as robotics, instrumentation, aerospace, consumer electronics, transportation, medical devices, and automotive.

Valentina Ratner, Co-Founder & CEO of AllSpice.io, highlighted the significance of modernizing electronics design processes for enterprises. “After decades of stagnant toolsets, enterprises have a giant appetite to modernize their electronics design processes. In a difficult market, driving greater team efficiency is crucial,”  Ratner said.

Addressing the evolving challenges faced by hardware teams, Kyle Dumont, Co-Founder & CTO of AllSpice.io, emphasized the complexity of today’s hardware requirements and the ever-shrinking delivery timelines. He pointed out that a car, for instance, has transitioned from having a dozen or so PCBs 20 years ago to now having hundreds.

Ratner explained that these challenges are increasingly evident among engineering leaders in enterprises. Hardware development timelines have drastically compressed from years to months over the last decade, demanding that hardware and electrical engineering teams become significantly more efficient.

“We see these challenges rising from the engineering leaders at enterprises approaching us,” Ratner added. “Hardware development timelines have compressed from years to months in the last decade, which means hardware and electrical engineering teams need to be 10x more efficient, yet their tools have remained largely the same.”

AllSpice.io aims to serve as a centralized platform for hardware teams, akin to what GitHub, GitLab, and Bitbucket have done for software teams. The platform is primarily utilized by Hardware Engineers, PCB Designers, and Electrical Engineers, along with other parallel teams and third parties, including Firmware Engineers, Software Engineers, Contract Manufacturers, and Procurement Departments.

AllSpice.io Git for hardware collaboration platform used in electronics design by Electrical Engineers, Hardware Engineers, and PCB Designers.