Berlin-based startup SPREAD AI has announced it has raised $30 million in Series B funding to accelerate its international expansion and further develop its AI-driven platform for unifying and analysing industrial product data across the full engineering lifecycle.
- Founded in 2019 by Philipp Noll and Robert Göbel, SPREAD builds an Engineering Intelligence platform designed to consolidate fragmented industrial product data across design, manufacturing, and operations.
- The system connects existing enterprise software, including PLM, CAD, ERP and service tools, and structures this information through its Engineering Information Model to create a continuous “Product Twin” across the lifecycle without requiring data migration.
- The platform is deployed in more than 100 enterprise environments, with customers including Volkswagen, BMW and Rheinmetall.
- According to the company, it has helped deliver up to 30% faster development cycles, reduced engineering troubleshooting time by as much as 75%, and generated significant cost savings in large-scale manufacturing programmes.
Details of the deal
- The Series B round was supported by new investors including DTCP Growth, IQT, OTB Ventures, Salesforce Ventures, Thesiger Capital and angel investor Christian Schulz, alongside existing backers HV Capital and Nauta Capital.
“Unlocking the engineering intelligence buried in industrial legacy systems is one of the biggest opportunities in enterprise AI. SPREAD has the domain depth and the AI-native platform to define this category. We’re proud to lead this round,” said Marcin Hejka, Co-Founder and General Partner at OTB Ventures.
