Fabric8Labs raises $19M to commercialise its novel metal AM process
July 23, 2021
Fabric8Labs, San Diego, USA, has closed a $19.3 million Series A financing round, led by Intel Capital with syndicate partners including Lam Capital, TDK Ventures, SE Ventures, imec.xpand, Stanley Ventures, and Mark Cuban. The funding is expected to enable Fabric8Labs to accelerate the commercialisation of its Additive Manufacturing technology and to create new applications across multiple markets, including semiconductor packaging, electronics, medical, thermal management and RF components.
Fabric8Labs’ patented process rapidly fabricates complex metal parts at the atomic level, enabling high feature resolution and enhanced material properties. The unique approach eliminates the need for expensive metal powders and post-processing, and the system operates near room temperature, thus minimising total energy consumption compared to more commonly used machines.
“The capability to additively manufacture using multiple metals with high precision is highly compelling,” stated Jennifer Ard, Managing Director at Intel Capital. “Fabric8Labs’ technology offers a unique option for future electronics applications.”
Fabric8Labs is focused on accelerating more widespread adoption of AM and has developed an IP portfolio that addresses the hurdles faced by customers. The company is currently in collaboration with key strategic partners to demonstrate its process in lucrative high-volume applications, leveraging mature technologies already proven at scale.
“We are thrilled to be supported by this syndicate of industry-leading investors, who recognise the disruptive potential that Additive Manufacturing presents,” added Jeff Herman, co-founder and CEO of Fabric8Labs. “Our process represents a fundamental shift in Additive Manufacturing technologies, enabling high-volume manufacturing of parts at the atomic level via an energy efficient process that utilises low-cost commodity metal salts. We are very excited to demonstrate, with the support of our investors, how our process will shape the future of manufacturing.”
Grant Allen, General Partner at SE Ventures, a participant in the Series A funding round, commented, “We are very optimistic about Fabric8Labs’ potential across a range of energy and industrial applications. From thermal management to fine-featured electrical connectors, and spanning data centres, e-mobility, and other power products, we have just started to scratch the surface of Fabric8Labs’ technology use cases.”
