July 20, 2021
SAN DIEGO— Fabric8Labs, a startup focused on accelerating the adoption of metal additive manufacturing, recently closed a $19.3 million Series A financing round that the company will use to speed the commercialization of its novel manufacturing approach. The funding, led by Intel Capital, is expected to help Fabric8 create new applications across multiple market verticals, including semiconductor packaging, electronics, medical, thermal management, and RF components, the company said in a release.
The financing round also included syndicate partners Lam Capital, TDK Ventures, SE Ventures, imec.xpand, Stanley Ventures, and Mark Cuban, according to the release.
“The capability to additively manufacture using multiple metals with high precision is highly compelling,” said Jennifer Ard, managing director at Intel Capital, in the release. “Fabric8Labs’ technology offers a unique option for future electronics applications.”
Fabric8Labs’s patented process is reported to rapidly fabricate complex metal parts at the atomic level, enabling superior feature resolution and enhanced material properties. The system operates near room temperature, minimizing total energy consumption versus legacy products, and eliminates the need for expensive metal powders and time-consuming post-processing, the company said.
Fabric8Labs has developed an IP portfolio that addresses critical customer pain points, such as high cost of ownership, unreliable material properties, and manual post-processing. The company is collaborating with key strategic partners to demonstrate its unique process in lucrative high-volume applications, leveraging mature technologies that are already proven at scale, Fabric8Labs said in the release.
“We are thrilled to be supported by this syndicate of industry-leading investors, who recognize the disruptive potential that additive manufacturing presents,” said Jeff Herman, co-founder and CEO of Fabric8Labs, in the release. “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 utilizes 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.”