Nano Dimension, an industry Additively Manufactured Electronics (AME)/PE (3D-Printed Electronics) provider, announced that it will acquire DeepCube, a Machine Learning/Deep Learning (ML/DL) technology expert. 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.
DeepCube technology applies numerous patented 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 proprietary framework can be deployed on top of any hardware. DeepCube’s AI/ML/DL solutions demonstrate 10 times speed improvements and memory reduction, making it efficient in 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 and academic and industrial research institutions.
"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," said Yoav Stern, CEO of Nano Dimension. "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."
The core of this solution will be DeepCube’s AI/ML/DL brain that is expected to manage a neural network of edge devices, self-learning and self-improving their efficacy and self-managing and maximizing yield throughout the total network," said Stern.
Nano Dimension envisions a future where it maintains inventory of high-end electronics devices (Hi-PEDS) in digital form and one will be able Print them as you need them, where you need them and only the quantity you need.
Dr. Eli David, chief technology officer and co-founder of DeepCube, will become Nano Dimension’s chief technology officer of ML/DL.
"Over the last 18 months, DeepCube has been negotiating with a few of the world-leading integrated circuits and central processing unit (CPU) manufacturers which are still hoping to adopt its unique AI technology for dramatically improving the efficiency of deep learning deployments in the real-world," said David. "Those opportunities will be pursued as a part of Nano Dimension’s strategy. However, we believe we shall reinforce our proof of concepts for those large players by joining forces with Nano Dimension. This is the most exciting opportunity for us, since we believe that our advanced AI capabilities combined with Nano Dimension’s unique technological edge can realize the Industry 4.0 vision and revolutionize the entire AME industry."