Israeli 3D printing electronics company Nano Dimension (TASE: NNDM; OTCQX: NNDMY) has raised an additional $2.2 million. In June, the Ness Ziona based company reported that it has raised $10.9 million, so that this investment brings the latest financing round to $13.1 million.
The financing round included existing private investors, as well as commitments from new investors including Morris Kahn and family, early stage investors in Amdocs Ltd. (NYSE: DOX) and former NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) and Comverse CEO Zeev Bregman.
Nano Dimension, founded in 2012, focuses on development of advanced 3D printed electronics systems. Nano Dimension's products combine three advanced technologies: 3D inkjet, 3D software and nanomaterials. The company's primary products include the first 3D printer dedicated to printing multi-layer PCBs (printed circuit boards) and advanced nanotechnology-based conductive and dielectric inks.
After the financing round in June, Nano Dimension CEO Amit Dror said, “This is a significant sum, which will make it possible for the company to attain its business goals in the coming years. After the launch of the company’s first-generation printer, we are preparing to work with select clients, and begin commercial production of the company’s unique ink."
Published by Globes [online], Israel business news - www.globes-online.com - on November 4, 2015
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