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Fabric8Labs Closes $50M Series B Financing For Electrochemical Additive Manufacturing Technology

Feb 07, 2023almost 3 years ago

Amount Raised

$50 Million

Round Type

series b

San DiegoElectronicsManufacturing

Investors

Lam CapitalTdk VenturesSe VenturesXpandImecIntel CapitalNew Enterprise Associates

Description

Fabric8Labs, pioneer of electrochemical additive manufacturing, today announced the close of a $50M Series B investment round led by New Enterprise Associates (NEA), with participation from existing investors, including Intel Capital, imec.XPAND, SE Ventures, TDK Ventures, and Lam Capital. The new infusion of capital will be used to scale the company's proprietary Electrochemical Additive Manufacturing (ECAM) technology and establish a pilot production facility.

Company Information

Company

Fabric8Labs, Inc.

Location

6335 FERRIS SQUARE

San Diego, California, United States

About

Fabric8Labs, Inc., based in San Diego, California, is revolutionizing manufacturing with its advanced 3D printing technology - Electrochemical Additive Manufacturing (ECAM). Founded in 2015, the company's proprietary ECAM technology is a key enabler across multiple value chains, such as electronics, medical devices, communications systems, and semiconductor manufacturing. Fabric8Labs is working to broaden the market for metal additive manufacturing by providing advanced manufacturing services that displace traditional manufacturing. For more information visit Fabric8Labs.com.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech