3D printing co Nano Dimension raises $2.2m

Nano Dimension CEO Amit Dror; Photo: PR

Nano Dimension has developed a printer that prints multi-layer PCBs.

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 companys first-generation printer, we are preparing to work with select clients, and begin commercial production of the companys unique ink."

Published by Globes [online], Israel business news - www.globes-online.com - on November 4, 2015

Copyright of Globes Publisher Itonut (1983) Ltd. 2015

 
Nano Dimension CEO Amit Dror; Photo: PR
Nano Dimension CEO Amit Dror; Photo: PR
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