Israeli startup Nanofabrica, which specializes in optical-based micro 3D printing technology, has raised $4 million through an investment round led by M12, Microsoft’s venture fund, and NextLeap Ventures. The money, which brings the company’s total investments to $7 million, will enable it to expand R&D efforts and grow its sales.
Founded in 2016, Nanofabrica last year introduced its unique micro 3D printing technology, which combines DLP technology with adaptive optics for micron-level resolutions. The company says its technology enables “printing at a speed and accuracy that has hitherto not been possible.”
“There is a global trend of miniaturization. In the electronics world this is depicted by Moore’s law, but the miniaturization of ‘things’ is limited by existing manufacturing technologies,” said Jon Donner, CEO of Nanofabrica. “In parallel, additive manufacturing (AM or 3D printing) is becoming more central in many different markets. At Nanofabrica we harness the strength of AM for precision high performance applications, bringing AM into new markets that require the next level of miniaturization, such as: electronics, semiconductors, optics and more.”
The recent $4M funding round, which also brought on Alpha Capital as an investor, showcases the promise Nanofabrica’s technology holds. In fact, the company has built up a good reputation, working with customers from across various industries, including several Fortune 500 companies. Nanofabrica says it drew M12’s interest through its collaboration with i3 Equity Partners, which led the company’s investment round in 2018 along with Moshe Nur, a leader in digital printing and Dr. Rafi Gidron, a tech entrepreneur and founder of Chromatis.
“Nanoscale, precision manufacturing is a growing need for R&D organizations, as well as production-scale manufacturing companies,” commented M12 Partner Matthew Goldstein. “Nanofabrica has focused on serviceability and robustness to best serve their customers and enable digital mass manufacturing of precision parts.”
Nanofabrica’s 3D printing technology, which combines a DLP process with adaptive optics, is not only capable of producing parts with micron and sub-micron precision, but it is able to do so in a cost-efficient and scalable way. According to the company, it is now focusing its efforts on one particular application: producing molds for injection molding at much faster rates than using traditional manufacturing.
“We offer our customers a possibility to reduce waiting time from months to days and reduce costs by a factor of X100, a game changer in the huge market of injection molding” elaborated Eyal Shelef, Nanofabrica Co-Founder and CTO. “COVID 19 has shown industry the need of local and fast manufacturing, something that our 3D printers enable.”
Indeed, Nanofabrica says its technology has a role to play in the fight against COVID-19 and it is reportedly working with research and manufacturing partners to find relevant applications for its process, including producing complex filters, as well as molds for injection and microfluidic testing chips.