Nano Dimension Acquires Machine Learning Developer DeepCube
Artificial intelligence will drive its 3D-artificial intelligence/machine learning distributed digital fabrication applications.
April 20, 2021
Nano Dimension Ltd., an additively manufactured electronics (AME)/PE (3D-printed electronics) provider, has signed a definitive agreement to acquire DeepCube Ltd., a company involved in machine learning/deep learning (ML/DL) technology.
Nano Dimension will pay the shareholders of DeepCube approximately $40 million in cash and $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. The closing was expected in late April, subject to the satisfaction of customary closing conditions.
DeepCube technology applies numerous patented breakthrough algorithms to improve data analysis and deployments of advanced deep learning-based artificial intelligence (AI) systems. The machine learning application includes faster and more accurate training of deep learning models, and improves inference performance and real-time metrics. Its framework can be deployed on top of any hardware, especially fitting edge devices and real-time applications.
DeepCube’s AI/ML/DL solutions demonstrate speed improvements and memory reduction, making it a technology that allows efficient deployment of deep leaning models on edge devices and for real-time applications.
DeepCube’s scientists and engineers, all of whom are expected to join Nano Dimension upon closing of this transaction, are AI/ML/DL experts, veterans of defense forces, homeland security and governmental Big Data agencies, as well as academic and industrial research institutions. Its founders are Dr. Eli David and Yaron Eitan, DeepCube’s chief technology officer and executive chairman, respectively (both are also directors of Nano Dimension), and its chief executive officer is Michael Zimmerman.
“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 fabrication, and almost an order of magnitude larger for assembly),” says Yoav Stern, CEO of Nano Dimension. “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,” Stern adds. “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.”
Sources: Press materials received from the company and additional information gleaned from the company’s website.
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