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May 9, 2023

SPREAD Secures $16M Series A Funding for an Engineering Intelligence Platform

SPREAD's Engineering Intelligence Network improves engineering efficiency, quality, and sustainability for major companies, including Mercedes, VW, and Infineon

Berlin-based engineering intelligence startup, SPREAD, has raised $16 million in Series A funding to further develop its capabilities and expand into new markets. The funding round was led by HV Capital, with participation from existing investors Cavalry Ventures, angel investors Dylan Field (Figma Co-Founder and CEO), and the founders of logistics unicorn Sennder, among others.

Founded in 2019 by Philipp Noll and Robert Göbel, SPREAD makes product data accessible, intuitive, and actionable through its Engineering Intelligence Network, which combines all separate information sources into a single software solution. The platform has already been used by major companies, such as Mercedes, VW, and Infineon, to overcome a wide range of engineering challenges, from development to manufacturing and maintenance, and to improve efficiency, quality, and sustainability.

“Our Engineering Intelligence Network is the key to understanding how a product functions as a whole. Engineers benefit massively from this bigger picture,”

- comments the Co-Founder and Managing Director at SPREAD, Philipp Noll

“We give them their time back, so they can solve complex challenges faster than before.”

SPREAD's intelligent algorithms analyze the interplay of the mechanics, electronics, and software domains while considering a product's requirements, functions, logic, and physics. This enables engineers to gain unprecedented insights into a product's complexity and to scale their understanding as products become more complex.

With this new funding, SPREAD aims to enhance its platform's capabilities and expand its reach into new markets, helping more companies to benefit from its engineering intelligence solutions.

Elitsa Kaleva
Elitsa Kaleva
Content Writer at TechNews180
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