Our previous coverage of AllSpice, a git platform designed for developers, dates back to 2022 when it embarked on its journey with an infusion of $3.2 million in new funding. Initially focused on creating a developer operations ecosystem for hardware development, founders Valentina Ratner and Kyle Dumont targeted small businesses. However, over the past year, they observed a growing demand among enterprise-level developers facing collaboration challenges amidst market changes, including downsizing and layoffs.
In response to these evolving needs, AllSpice pivoted its strategy. The company now aims to assist enterprise entities in uniting their engineers through tools facilitating connection and communication. This shift is geared towards enabling companies to navigate changes and updates efficiently to provide enhanced value to their customers, as Dumont explained in a recent interview.
To cater to this new customer base, AllSpice introduced several tools and features. These include enhanced collaboration capabilities around a component library and library management. Among the latest additions is “Actions,” a tool designed for continuous integration and continuous deployment. The platform also incorporated support for new CAD file formats, enabling users to automate processes and generate reports for manufacturers and stakeholders while rolling out new design versions.
In response to the global chip shortage during the pandemic, AllSpice developed a data aggregation feature. This feature assesses the availability of components across supply chains, addressing challenges posed by the shortage.
Over the past year, both AllSpice’s user base and revenue experienced a tenfold increase, primarily driven by individual accounts. Ratner highlighted examples where engineers at large companies initiated AllSpice usage, leading to widespread adoption within the companies. The platform records over 100 interactions per week per user, with top user cohorts spending approximately 37 hours monthly on the platform.
Having secured an additional $6 million in funding during a late summer round, AllSpice plans to allocate the capital towards product development, customer acquisition, and team expansion in go-to-market and engineering areas. The Actions feature, initially rolled out to select existing customers, is expected to be more widely available in early 2024.
Ratner and Dumont express their intention to build more functionality to support various stakeholders, acknowledging the interconnected nature of hardware. They view Actions as the initial step in this direction, fostering collaboration among teams and facilitating feedback, reviews, and data sharing on the platform.
