Fabric8Labs, a San Diego, CA-based electrochemical additive manufacturing company, raised $50M in Series B funding.
The round was led by New Enterprise Associates, with participation from existing investors, including Intel Capital, imec.XPAND, SE Ventures, TDK Ventures, and Lam Capital.
The company intends to use the funds to scale its proprietary Electrochemical Additive Manufacturing (ECAM) technology and establish a pilot production facility.
Led by CEO Jeff Herman, Fabric8Labs specializes in manufacturing with its 3D printing technology – Electrochemical Additive Manufacturing (ECAM), a key enabler across multiple value chains, such as electronics, medical devices, communications systems, and semiconductor manufacturing.
ECAM is suited to produce ultra-high resolution, pure copper components, which can be directly printed onto temperature sensitive substrates such as PCBs, silicon, or existing metal components. This enables the manufacturing of optimized designs to meet the stringent performance requirements in end-applications such as, high-performance computing (HPC), data centers, electric vehicles, wearables, RF communications, and a wide range of consumer electronics products.
In addition to enabling advancements in electronics – Fabric8Labs is developing medical device applications and micro-mechanical components. These applications leverage ECAM’s inherent advantages to produce extremely fine, complex features and high-performance alloys. As the company scales, ECAM will enable applications that require ultra-high resolution, such as advanced surgical tools, sensors, diagnostic equipment, and MEMs.
FinSMEs
07/02/2023