Encube emerges from stealth with $23M funding to reshape hardware development

Encube, a Stockholm-based startup, has launched from stealth mode with $23 million in funding to address inefficiencies in hardware development. The company's AI-driven platform helps hardware teams optimize design choices to reduce manufacturing complexity, ultimately speeding up development and lowering production costs. This initiative is particularly significant given the European push for digital transformation and industrial autonomy. Encube's platform provides a collaborative, browser-based environment for engineering teams to make faster, more informed product decisions. It integrates AI to streamline essential but often manual and time-consuming hardware development workflows. Pilot programs with partners have demonstrated impressive results, including a reduction in time to market by up to 50 percent and lowered production costs by 20-30 percent. This innovation directly impacts hardware developers, manufacturers, and industries striving for greater efficiency and sustainability. By addressing critical bottlenecks in the design phase, Encube supports European efforts to reshore manufacturing and bolster competitiveness. The platform's ability to optimize design choices early on aligns with stricter sustainability regulations and the need for more efficient resource utilization. The new funding will be used to expand Encube's presence across European markets and further develop its AI capabilities. This investment underscores the growing importance of AI in transforming traditional industries and supporting Europe's digital sovereignty goals. The company, founded by former Sandvik and Skype/Klarna executives, aims to play a key role in the ongoing AI transformation within the hardware sector.