Spread, a Berlin, Germany-based engineering Intelligence startup for complex mechatronic products, raised $16M in Series A funding.
The round was led by HV Capital with participation from existing investors Cavalry Ventures and angel investors Dylan Field, Figma Co-Founder & CEO, the founders of logistics unicorn Sennder, and Summit Partners founder Walter Kortschak.
The company intends to use the funds to develop the platform’s capabilities and expand to new markets.
Founded in 2019 by Robert Göbel and Philipp Noll, Spread makes product data accessible, and actionable. Its engineering intelligence network connects product information to help engineering teams gain an objective understanding of complex systems like cars, aircraft, and machines.
With use cases from R&D to Aftersales, the company is helping customers like Mercedes, VW, and Infineon to accelerate development cycles, increase quality, eliminate millions in inefficiencies, and reduce their environmental footprint.
FinSMEs
03/05/2023