AllSpice.io, a platform for electronics teams to collaborate and automate their workflows, today announced the closing of its $15 million Series A funding round, bringing its total funding to $25 million in venture capital. The recent funding round was led by Rethink Impact, along with L’ATTITUDE Ventures, GingerBread Capital, and DNX Ventures, as well as continued support from Root Ventures, Benchstrength, and Flybridge.
What AllSpice does: From schematics to layouts, AllSpice provides electrical engineering teams a shared workspace to collaborate, catch errors early, and bring high-quality products to life. With structured design data and built-in AI tools, engineers can confidently review changes, automate checks, and maintain a clear record of every decision throughout the entire development process.
AllSpice’s focus is on automating tedious, repetitive tasks that slow teams down, allowing engineers to spend more time designing and innovating.
How the funding will be used: The funding round will be leveraged to scale enterprise customer features, support, and open its AllSpice AI Agent out of private beta, for hardware design validation.
AllSpice AI Agent enhances hardware design reviews. Electrical engineers can analyze designs for errors and opportunities, achieving higher quality, improved reliability, and first-pass success.
Example cases include:
— Misconfigured component pins
— Swapped TX/RX
— Missing coupling capacitors
— Component derating
— End of Life or suggested alternates
This also enables engineers to automate document generation and create essential assets, thereby gaining confidence and efficiency.
Example use cases include:
— Power tables
— Spec sheet summaries
— Theory of operation documentation
KEY QUOTES:
“From autonomous vehicles to rockets, electronics teams are tackling some of the world’s most ambitious innovations. Bringing those to life requires modern, AI-powered tools that enable teams to ship with confidence.”
“In a high-precision field like hardware, accuracy matters. AllSpice’s AI tools are built to assist, not override, the engineers’ judgment while using them.”
Valentina Ratner, Co-Founder & CEO
“By significantly building out our Gen AI capabilities, largely leveraged by the fact that we understand these design files so well, you can transform this data to present extremely impactful decisions for hardware engineering teams.”
Kyle Dumont, Co-Founder & CTO
