Nano Dimension to Buy Deep Learning Company DeepCube
Posted on 04/25/2021
Nano Dimension (ticker: NNDM) is a provider of intelligent machines for the fabrication of Additively Manufactured Electronics (AME). On April 23, 2021, Nano Dimension disclosed it acquired DeepCube Ltd., a company engaged in Machine Learning/Deep Learning (ML/DL) technology. Nano Dimension paid the shareholders of DeepCube approximately US$ 40 million in cash and US$ 30 million in American Depositary Shares (ADSs) of Nano Dimension, which are subject to stand still for various periods of up to 3 years after closing of this transaction.
DeepCube’s training platform and real-time inference engine will be integrated into Nano Dimension AME 3D-printers, acting as smart nodes in a Smart Fabrication Network (SFN), as well as being the AI control center for these networks.
Nano Dimension 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.
Advisors
Pearl Cohen is acting as legal counsel to DeepCube in connection with the acquisition.
