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Startup Funding: July 2021


Startup Funding: July 2021
The trend of big funding for Chinese autonomous driving companies continued in July, with three startups each drawing $100M or more for efforts in ADAS and computer vision for automotive. The month also saw one electric vehicle manufacturer get a massive boost as it begins production on its first models, while significant funding also went to a company that wants to recycle used up EV batteries. Plus, at-memory compute and graph streaming processors for AI, self-powered IoT devices, and fault tolerant quantum computing drew interest from investors. This month, we look at 35 companies that collectively raised over $4.9B. ....

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San Diego startup aiming to disrupt metal 3D printing lands $19.3M from Intel Capital, Mark Cuban and others


Print
Fabric8Labs, a San Diego startup that’s developing a fundamentally new approach to metal 3D printing, landed $19.3 million in a Series A funding round led by Intel Capital and existing investors including Mark Cuban.
The roughly 25-employee company will use the funds to deploy beta printers with its technology at partner firms to make real world parts. Fabric8Labs declined to name those partners, but its target markets include electronics, semiconductor packaging, medical and radio frequency components.
Founded in 2015 by Jeff Herman and David Pain, who attended La Costa Canyon High School together, Fabric8Labs has developed a non-thermal method for metal 3D printing. The patented process builds complex parts at the atomic level, enabling superior density and surface finish at small sizes. ....

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Fabric8Labs Raises $19M in Series A Funding


Fabric8Labs, a San Diego, CA-based additive manufacturing startup startup, closed $19M in Series A funding.
The round was led by Intel Capital with participation from Lam Capital, TDK Ventures, SE Ventures, imec.xpand, Stanley Ventures, and Mark Cuban.
The company intends to use the funds to:
accelerate the commercialization of its novel manufacturing approach and
create new applications across multiple market verticals, including semiconductor packaging, electronics, medical, thermal management, and RF components.
Founded in 2015 by Jeff Herman, CEO, Fabric8Lab is a metal additive manufacturing company with advanced 3D printing technologies. It leverages a patented process that fabricates complex metal parts at the atomic level, enabling superior feature resolution and enhanced material properties. The system operates near room temperature thus minimizing total energy consumption compared to legacy products. ....

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Fabric8Labs Gets $19.3M - socaltech.com

Fabric8Labs Gets $19.3M - socaltech.com
socaltech.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from socaltech.com Daily Mail and Mail on Sunday newspapers.

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