AllSpice.io, a Somerville, MA-based hardware development platform, has raised $15 million in a Series A round.
Investors
The round was led by Rethink Impact, with participation from L'ATTITUDE Ventures, GingerBread Capital, DNX Ventures, Root Ventures, Benchstrength, and Flybridge.
Rethink Impact is a U.S.-based venture capital firm founded in 2015. The firm backs women and non-binary tech leaders who are solving critical issues in health, education, climate, and economic empowerment. It is headquartered in White Plains, NY, with additional offices in San Francisco and Washington, DC.
AllSpice.io Use of Funds
The company will use the funds to scale enterprise-level customer support and features and to bring the AllSpice AI Agent out of private beta for hardware design validation.
About AllSpice.io
AllSpice.io is a hardware development platform designed to bring best practices from software development into electronics design. Its collaborative platform, built for electronics design teams, focuses on automating the tedious, repetitive tasks that slow teams down. From schematics to layouts, AllSpice provides electrical engineering teams with a shared workspace to collaborate, catch errors early, and bring high-quality products to life. Features include collaborative workspaces, automated checks, and comprehensive documentation generation.
Funding Details
Company: AllSpice, Inc.
Raised: $15.0M
Round: Series A
Funding Date: June 2025
Lead Investor: Rethink Impact
Additional Investors: L'ATTITUDE Ventures, GingerBread Capital, DNX Ventures, Root Ventures, Benchstrength, Flybridge
Company Website: https://www.allspice.io/
Software Category: Electronics Design Collaboration / AI-powered Hardware Development
Source: https://www.prnewswire.com/news-releases/allspiceio-hardware-development-platform-raises-15m-series-a-round-to-launch-ai-agent-and-scale-new-enterprise-functionality-for-electrical-engineering-teams-302489862.html