AllSpice.io, the collaborative platform transforming hardware development workflows, has raised $15 million in Series A funding, led by Rethink Impact and joined by LP, L’ATTITUDE Ventures, GingerBread Capital, DNX Ventures, Root Ventures, Benchstrength, and Flybridge.

Founded by Valentina Ratner and Kyle Dumont, AllSpice.io brings the speed, structure, and clarity of Git-based version control - long standard in software - into the world of hardware engineering, a space still dominated by email threads, manual file swaps, and unclear change tracking.

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What Is AllSpice.io?

AllSpice.io is the first Git-native collaboration platform for hardware teams, integrating directly with EDA tools like Altium. It enables pull requests, in-line comments, version control, and automated review workflows - so engineers can iterate faster and more safely without leaving their design environments.

Instead of emailing zipped project files or duplicating versions manually, teams can now collaborate on hardware just as they do with code - structured, traceable, and fast

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An Expanding Market with Legacy Gaps

The electronics design automation (EDA) market is projected to grow to $20.8 billion by 2030, according to Allied Market Research. Meanwhile, the PLM (Product Lifecycle Management) software market - a close cousin to AllSpice’s category - is expected to hit $52.9 billion in the same time frame.

Yet despite this growth, most EDA tools are still standalone, local, and siloed. A 2022 survey by Hardware Collective found that more than half of hardware engineers use unstructured review processes or rely entirely on tribal knowledge.

AllSpice is bridging the tooling gap between hardware engineers and the rest of the product org. It’s not replacing CAD or EDA platforms - it’s making them collaborative, accountable, and aligned.

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A Rising Market With Major Gaps

The electronics design market is growing rapidly. According to Allied Market Research, the EDA (electronic design automation) software industry will reach $20.8B by 2030, fueled by increased demand in sectors like EVs, aerospace, robotics, and IoT. At the same time, the PLM (product lifecycle management) market - which increasingly overlaps with what AllSpice enables - is expected to hit $52.9B by decade’s end.

Yet most of these industries still use manual workflows, siloed communication, and tools built for desktop-only workflows. AllSpice is seizing the whitespace between design tools and product teams, building the connective layer that accelerates iteration without sacrificing traceability.

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Why This Moment Matters

As hardware becomes more software-defined, the pressure on design teams has grown. Faster cycles, distributed teams, and hybrid electro-mechanical products mean more stakeholders, more complexity, and far less margin for error.

According to McKinsey, over 30% of hardware development time is still lost to communication breakdowns and manual coordination, which can delay product launches and inflate costs. AllSpice is designed to eliminate this drag.

And here’s where a critical insight comes in for founders building in technical industries:
If you want engineering speed, you don’t start with talent - you start with systems. Most startups try to scale by hiring better people or working harder. But in complex technical domains, real leverage comes from building infrastructure that multiplies your team's thinking, not their hours.

That’s the ultra value drop.
The best hardware teams don’t win because they move fast - they win because they never lose context. Context switching, unclear revisions, and siloed reviews quietly destroy momentum. What AllSpice delivers isn’t just traceability - it’s a shared brain for engineering, where every update, comment, and decision is captured and actionable.

Founders who invest in systems like this early unlock compounding execution quality at scale. It’s not just faster - it’s how you prevent regressions, reduce bugs, and create resilience across distributed teams.

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Meet the Founders: Valentina Ratner & Kyle Dumont

Co-founders Valentina Ratner, an engineer with roots in systems design and product ops, and Kyle Dumont, a seasoned hardware lead, built AllSpice from personal frustration. Having led hardware teams through complex development cycles, they knew the tools were fundamentally broken for collaboration.

Their mission was simple: bring hardware into the modern era of versioned, review-driven workflows - and make it native to the tools engineers already use.

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Why Investors Are Backing AllSpice.io

This $15M Series A round brings together some of the most forward-looking investors in deep tech and infrastructure:

• Rethink Impact – leading with a focus on scaling female-led, impact-driven startups.
  
• L’ATTITUDE Ventures and GingerBread Capital – investing in inclusive innovation.
  
• DNX Ventures, Root Ventures, Flybridge, and Benchstrength – bringing deep networks in hardware, manufacturing, and PLM ecosystems.
  

Their collective bet: hardware is entering a phase of rapid modernization - and AllSpice is building the control layer it needs.

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The Hardware Collaboration Market Is Ripe for Change

The hardware design ecosystem is enormous and underserved. The global electronics design automation (EDA) software market is expected to reach $20.8 billion by 2030, according to Allied Market Research. And that’s just the tooling layer.

The PLM (Product Lifecycle Management) market, which AllSpice complements and enhances, is forecasted to hit $52.9 billion by the end of the decade. As industries from medtech to EVs ramp up product innovation, the demand for traceable, collaborative, and integrated design workflows is exploding.

AllSpice is leading that transition - not by replacing EDA tools, but by becoming the collaboration tissue that stitches hardware teams together.

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What’s Next for AllSpice.io

With fresh capital, AllSpice plans to:

• Expand integrations with leading EDA software (like OrCAD, KiCad, and Eagle)
  
• Launch enterprise-grade features for regulatory-heavy industries
  
• Grow its community of hardware engineers, startups, and enterprise adopters
  
• Support open-source libraries and public design repos
  
• Enhance analytics, design diffs, and permissioning layers for complex teams
  

By bringing version control, review logic, and clarity into hardware development, AllSpice is setting a new bar for how physical products are built.