AllSpice.io, a collaborative platform for electrical engineering teams, has raised $15 million in a Series A funding round, bringing its total venture backing to $25 million. The round was led by Rethink Impact with participation from L’ATTITUDE Ventures, GingerBread Capital, DNX Ventures, and existing investors Root Ventures, Benchstrength, and Flybridge.
The new funding will be used to expand enterprise-level features, enhance customer support, and launch the AllSpice AI Agent publicly for hardware design validation—after a successful private beta.
Co-founder and CEO Valentina Ratner emphasized the importance of modern, AI-powered tools for electronics teams developing cutting-edge technology, from autonomous vehicles to aerospace. “Engineers should spend more time designing and less time bogged down by repetitive tasks,” she said.
AllSpice’s platform is designed for precision and efficiency. It provides a centralized workspace where teams can collaborate on schematics, layouts, and reviews while tracking every design decision. With the integration of GenAI, AllSpice offers intelligent suggestions and automation without overriding human judgment.
CTO and co-founder Kyle Dumont explained that the AI Agent leverages structured design data to help engineers make impactful decisions. The AI can flag common design errors—like swapped TX/RX pins, missing coupling capacitors, or component derating—and provide alternate part suggestions or note components nearing end-of-life.
In addition to error checking, the AI Agent automates document generation such as power tables, spec summaries, and theory of operation docs—speeding up processes that often slow hardware teams down.
AllSpice serves a wide customer base ranging from startups to Fortune 500 companies in sectors like aerospace, defense, robotics, autonomous vehicles, industrial machinery, and medical devices. Its platform is used not only by hardware engineers and PCB designers but also by firmware engineers, procurement teams, and contract manufacturers working in tandem.
As AllSpice scales up its enterprise offerings, the company aims to redefine how hardware teams design, validate, and deliver high-quality products in an increasingly complex and fast-moving landscape.
