3D metal printer raises $19 million
The company claims to have a novel approach to the fabrication of metal parts at the atomic level and enabling superior dimensional resolution and enhanced material properties. it also eliminates the use of metal powders and time-consuming post processing and it operates at near room temperature, saving power consumption compared with rival additive methods. The method makes use of low-cost metal salts as the feed stock.
The Series was led by Intel Capital with Lam Capital, TDK Ventures and imec.xpand among the syndicated partners.
The money will allow Fabric8Labs to accelerate commercialization and extend the application of its technology into multiple markets including: semiconductor packaging, electronics, medical, thermal management, and RF components.
“The capability to additively manufacture using multiple metals with high precision is highly compelling,” said Jennifer Ard, managing director at Intel Capital, in a statement issued by Fabric8Labs.
“We were early believers in the idea of Fabric8Labs’ founders to combine galvanic processes, known for centuries, with state-of-the-art TFT backplane technology,” said Cyril Vančura, imec.xpand Fund.
Fabric8Labs was co-founded by Jeff Herman, who serves as CEO, and David Pain who is CTO. The company is collaborating with customers to demonstrate its process in high-volume applications.
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