Nanofabrica raised $4M, in a funding round which will be used towards further R&D as well as expansion of sales. The new investment brings its capital to $7M.
M12, Microsoft’s venture fund, together with NextLeap Ventures, led the $4M round. Alpha Capital joined the investment round. M12 had been attuned to Nanofabrica’s progress due to their partnership with i3 Equity Partners, an early stage VC that led the previous investment round in Nanofabrica in 2018, together with Moshe Nur, a leader in digital printing industry and Dr. Rafi Gidron, a serial technology entrepreneur and founder of Chromatis (which was sold to Lucent). The company has numerous customers from different industries and has worked with over ten Fortune 500 companies.
The Israël-based startup develops precision additive manufacturing platforms, a technology that is considered to bridge the gap “between micro/nano technology, 3D Printing and injection moulding”. Commercialized since 2019, Nanofabrica ultra precise 3D printing has also proved its capabilities during the fight against COVID-19. These capabilities enable fast and local manufacturing at a speed and accuracy that opens up new possibilities and markets for digital manufacturing.
“We believe that our unique technology could help to fight COVID 19. We are in a process with researchers and manufacturers of finding specific applications that could profit from our unique capabilities. We are currently exploring the possibility to print complex filters, as well as molds for injection and microfluidic testing chips,” explained Tovit Neizer, Nanofabrica VP, Business Development.
The company has decided to focus on one main application of printed molds for injection molding. It offers their customers a possibility to reduce waiting time from months to days and reduce costs by a factor of X100.
“At Intel, we worked for many years in an industry that manufactures precise parts by subtractive technologies. For this reason, we understand the strategic breakthrough that Nanofabrica brings with the ability of precision additive manufacturing. We believe in the leadership of the company, and are delighted to be among their investors,” said Ido Lapidot, Partner at NextLeap Ventures.
“There is a global trend of miniaturization. In the electronics world this is depicted by Moore’s law, but the miniaturization of ‘things’ is limited by existing manufacturing technologies. In parallel, Additive Manufacturing (AM or 3D printing) is becoming more central in many different markets. At Nanofabrica we harness the strength of AM for precision high performance applications, bringing AM into new markets that require the next level of miniaturization, such as: electronics, semiconductors, optics and more.” says Jon Donner, CEO of Nanofabrica.
It’s already been four years that Jon Donner, CEO and Eyal Shelef, CTO, founded the company, and the best is yet to come.
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