AME)/
PE (3D-Printed Electronics) provider, announced today that is has signed a definitive agreement to acquire DeepCube Ltd. (“DeepCube”) (
https://www.deepcube.com), a world leader in Machine Learning/Deep Learning (ML/DL) technology. 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. Such closing is expected in the next few days, subject to the satisfaction of customary closing conditions.
DeepCube technology applies numerous patented breakthrough algorithms to improve data analysis and deployments of advanced Deep Learning-based artificial intelligence (AI) systems. The Machine Learning application includes faster and more accurate training of deep learning models, and drastically improves inference performance and real-time metrics. Its proprietary framework c
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Nano Dimension buys Israeli machine learning co DeepCube
Nano Dimension will pay $70 million for DeepCube, which applies algorithms to improve data analysis and deployments of advanced deep learning-based AI systems.
Israeli electronic components 3D printing company Nano Dimension (Nasdaq: NNDM) announced today that is has signed a definitive agreement to acquire Israeli machine learning/deep learning (ML/DL) technology company DeepCube Ltd..
In a $70 million cash and shares deal, Nano Dimension will pay the shareholders of DeepCube $40 million in cash and $30 million in American Depositary Shares (ADSs) of Nano Dimension, which are blocked for various periods of up to 3 years, after closing of this transaction. Closing is expected in the next few days, subject to the satisfaction of customary closing conditions.