Nano Dimension Acquires Israeli Machine Learning Co DeepCube for $70 Million
Nano Dimension Acquires Israeli Machine Learning Co DeepCube for $70 Million
Nano Dimension produces 3D printing tech.
DeepCube Management (From Press Release)
Nano Dimension, an Israeli company in the 3D printed electronics (Additively Manufactured Electronics (AME)/PE) field, has bought out fellow Israeli company DeepCube Ltd. The Machine Learning/Deep Learning (ML/DL) technology was acquired for $70 million; Nano Dimension will pay the shareholders of DeepCube approximately $40 million in cash and $30 million in American Depositary Shares (ADSs) of Nano Dimension.
Dr. Eli David, Chief Technology Officer and co-founder of DeepCube, will become Nano Dimension’s Chief Technology Officer of ML/DL.
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A word from Nano Dimension’s CEO, Yoav Stern, on the new acquisition of DeepCube. https://t.co/q1ebSzVrdd
— Nano Dimension (@3Dpcb) April 20, 2021
DeepCube is an award-winning deep learning pioneer that provides the industry’s first software-based inference accelerator to improve deep learning performance on existing hardware. Modeled after the way the human brain develops during childhood, DeepCube’s patented technology is the first to be purpose-built for deployment of deep learning models on data centers and intelligent edge devices. Its proprietary framework can be deployed on top of any existing hardware, resulting in drastic speed improvement and memory reduction.
DeepCube has patented numerous innovations, including methods for faster and more accurate training of deep learning models, and drastically improved inference performance.
Nano Dimension’s machines serve cross-industry needs by depositing proprietary consumable conductive and dielectric materials simultaneously, while concurrently integrating in-situ capacitors, antennas, coils, transformers and electromechanical components, to function at unprecedented performance.
Nano Dimension boasts that its tech bridges the gap between PCB and semiconductor Integrated Circuits. A revolution at the click of a button: From CAD to a functional high-performance AME device in hours, solely at the cost of the consumable materials.
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Mr. Yoav Stern, CEO of Nano Dimension, commented, “Similar supply chain issues, as described recently in the public media in relation to the semi-conductor industry, are hovering over the printed circuit board fabrication and assembly (PCB/PCBA) industries (approximately $65-70 billion in size for fabrication1, and almost an order of magnitude larger for assembly). Those segments are even more subject to margins pressure due to the Far East low labor cost and “non-free-market” effects on the capital intensity and pricing mechanisms.”
“Moreover, the PCB/PCBA industry is directly affected by the issues of the chip-components shortage. Nano Dimension’s vision is to establish “INDUSTRY 4.0” solutions, which entail building an AI/ML “distributed digital fabrication application” rather than just building machines as capital equipment. The “AI/ML/DL Distributed Electronic Fabrication Application” will enable a totally environmentally and ecologically friendly digital control of the supply chain for Hi-PEDs (High-Performance-Electronic-Devices), or very high performance AME-3D-PCBs.”
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Dr. Eli David, Chief Technology Officer and co-founder of DeepCube, commented, “Over the last 18 months, DeepCube has been negotiating with a few of the world-leading integrated circuits and central processing unit (CPU) manufacturers which are still hoping to adopt its unique AI technology for dramatically improving the efficiency of deep learning deployments in the real-world. Those opportunities will be pursued as a part of Nano Dimension’s strategy. However, we believe we shall reinforce our proof of concepts for those large players by joining forces with Nano Dimension. This is the most exciting opportunity for us, since we believe that our advanced AI capabilities combined with Nano Dimension’s unique technological edge can realize the “INDUSTRY 4.0” vision and revolutionize the entire AME industry.”
Read more about: 3D printed electronics, DeepCube, Nano Dimension
