Nano Dimension Ltd. announced that is has signed a definitive agreement to acquire DeepCube Ltd., a leader in machine learning/deep learning (ML/DL) technology. Nano Dimension will pay the shareholders of DeepCube approximately $40 million in cash and $30 million in American Depositary Shares of Nano Dimension, which are subject to stand still for various periods of up to three years after closing of this transaction. Such closing is expected in the next few days, subject to the satisfaction of customary closing conditions. 

DeepCube technology applies numerous patented breakthrough algorithms to improve data analysis and deployments of advanced DL-based artificial intelligence (AI) systems. The machine learning application includes faster and more accurate training of deep learning models and drastically improves inference performance and real-time metrics. Its proprietary framework can be deployed on top of any hardware, especially fitting edge devices and real-time applications. DeepCube’s AI/ML/DL solutions demonstrate 10x speed improvements and memory reduction, making it the only technology which allows efficient 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, as well as academic and industrial research institutions. 

Yoav Stern, CEO of Nano Dimension, commented, “Similar supply chain issues, as described recently in the public media in relation to the semi-conductor industry, are hovering over the printed circuit board fabrication and assembly (PCB/PCBA) industries (approximately $65-70 billion in size for fabrication, and almost an order of magnitude larger for assembly). Those segments are even more subject to margins pressure due to the Far East low labor cost and “non-free-market” effects on the capital intensity and pricing mechanisms. Moreover, the PCB/PCBA industry is directly affected by the issues of the chip-components shortage. 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. The AI/ML/DL Distributed Electronic Fabrication Application will enable a totally environmentally and ecologically friendly digital control of the supply chain for high performance electronic devices  or very high performance AME-3D-PCBs.”

Stern added, “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.  Nano Dimension machines shipping today (and especially next-generation devices which are under development) will be edge devices in the ‘Digital-fabrication-neural-network’ solution as described above.”

Sullivan & Worcester Tel-Aviv is acting as legal counsel to Nano Dimension in connection with the acquisition.