Spread Receives $16 Million Investment

Engineering Intelligence startup SPREAD announced the completion of a $16 million Series A funding round led by HV Capital with participation from existing investors Cavalry Ventures. The round attracted angel investors including Figma Co-Founder and CEO Dylan Field, founders of Sennder, and Walter Kortschak, founder of Summit Partners.

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Technology by Engineers for Engineers

SPREAD helps engineering teams gain an objective understanding of ultra-complex systems by making product data accessible, intuitive and actionable. SPREAD's Engineering Intelligence Network covers every use case from R&D to aftermarket, helping customers accelerate development cycles, improve quality, eliminate inefficiencies and reduce their environmental footprint. SPREAD's customers include major companies such as Mercedes, VW and Infineon.

Manufacturers of complex mechatronic products face problems such as delayed product launches, failures, material waste and recalls. The main reason for these problems is that engineering information is stored in different systems and departments and is difficult to access. SPREAD's Engineering Intelligence Network combines all these information sources into a single software solution, connecting all departments instead of using separate tools and systems. It allows engineering teams to integrate technology faster and reduce time to value when building complex products. Therefore, every insight they gain is scalable across the entire product range and can have huge potential.