Prewitt Ridge Raises $4.1 Million in Seed Funding

London, 27 September 2023.- Prewitt Ridge, the requirements management and digital thread company, announced on the 12th of September that it has raised $4.1 million in seed funding. The company will use this to accelerate the growth of its digital engineering platform that enables team building products to move faster. 

The round was led by Squadra Ventures, with participation from Stage Venture Partners, Aurelia Foundry, Wonder Ventures, Haystack, Acequia, TechStars, GC&H and leading angel investors. 

The company will use the funding to expand its go-to-market team and build new integrations for Verve, its requirements management and digital thread platform. 

Verve offers a graph of engineering data and decisions that captures the provenance of data, where it is used and how it has evolved with the system design. The platform disseminates changes to the graph, and distributes them to the tools that design engineers and systems engineering teams already use. 

“As the process to create complex models of physical products becomes increasingly digital, there is a growing need for an authoritative source of truth that maps the ‘Why do I care about what am I building’ with the, ‘How do I build it?,’” said Massey, Cofounder and CEO of Prewitt Ridge. “At SpaceX, I saw how the impact of misconfigured and out-of-date changes propagated across the many layers of a model, presenting the opportunity for increased collaboration to help save time and money before a single piece of metal is bent. By weaving the digital thread to create a new data fabric, Prewitt Ridge aims to unlock engineering creativity to solve mission-critical challenges.”

The seed funding builds on Prewitt Ridge’s momentum in aerospace and defence industries. Working with the US Department of Defence, the company has been awarded a total of $2.2 million through US Small Business Innovation Research (SBIR) awards, and recently completed a pair of engagements with the Air Force Research Laboratory. 

Prewitt Ridge intends to expand Verve’s capabilities across the federal government, as well as commercial industries.