AM Startup Fabric8Labs Secures $19.3 Million in Capital FundingAugust 13, 2021
San Diego, CA-based additive manufacturing (AM) startup Fabric8Labs announced closure of a Series A funding round that has netted $19.3 million. The financing round was led by Intel Capital with syndicate partners including Lam Capital, TDK Ventures, SE Ventures, imec.xpand, Stanley Ventures and Mark Cuban. The capital infusion reportedly enables Fabric8Labs to accelerate commercialization of its miniaturized metal-AM approach that offers applications possibilities in semiconductor packaging, electronics, medical, thermal management and radio-frequency components.
"The capability to additively manufacture using multiple metals with high precision is highly compelling," says Jennifer Ard, managing director at Intel Capital. "Fabric8Labs' technology offers a unique option for future electronics applications."
Fabric8Labs' process rapidly fabricates complex metal parts at the atomic level, according to company officials, enabling superior feature resolution and enhanced material properties. The distinct approach reportedly eliminates the need for expensive metal powders and time-consuming post-processing, and the system operates near room temperature, thus minimizing total energy consumption as compared to legacy products.
"We are thrilled to be supported by this syndicate of industry-leading investors, who recognize the disruptive potential that AM presents," says Jeff Herman, co-founder and CEO of Fabric8Labs. "Our process represents a fundamental shift in AM technologies, enabling high-volume manufacturing of parts at the atomic level via an energy efficient process that utilizes low-cost commodity metal salts.”
See also: Fabric8Labs
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