Nano Dimension acquires DeepCube
Nano Dimension, the Additively Manufactured Electronics (AME)/PE (3D-Printed Electronics) provider, has announced that it is to buy ML specialist DeepCube.
DeepCube technology applies numerous patented breakthrough algorithms to improve data analysis and deployments of advanced Deep Learning-based AI systems. Its proprietary framework can be deployed on top of any hardware, especially fitting edge devices and real-time applications.
The company’s AI/ML/DL solutions demonstrate 10 times speed improvements and memory reduction, making it possible to deploy efficient 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 defence forces, homeland security and governmental Big Data agencies, as well as academic and industrial research institutions.
Nano Dimension will pay the shareholders of DeepCube approximately $40 million in cash and $30 million in American Depositary Shares (ADSs) of Nano Dimension, which are subject to stand still for various periods of up to 3 years after closing of this transaction.