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Nano Dimension To Acquire DeepCube For Undisclosed Sum

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  • Nano Dimension Ltd (NASDAQ: NNDM) has inked an agreement to acquire deep learning pioneer DeepCube. DeepCube will operate as a Nano Dimension division, creating an AI-powered-Additively Manufactured Electronics (AME)/PE (3D-Printed Electronics) platform and services.

  • The financial terms of the transaction were not disclosed.

  • 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).

  • DeepCube aimed to transform the AME industry into fully AI-enabled, efficiencies, quality, and innovation only possible with deep learning models under the arrangement, DeepCube founder and CTO Dr. Eli David said. David will join Nano Dimension as AI CTO.

  • Nano Dimension held $671 million in cash and equivalents as of Dec. 31, 2020.

  • Price action: NNDM shares traded higher by 2.95% at $7.61 on the last check Thursday.

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