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Nano Dimension Acquires Machine Learning/Deep Learning Leader, DeepCube Ltd.

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 ....

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Mid-Day Market Update: Crude Oil Down 1.8%; Futu Holdings Shares Plunge

Mid-Day Market Update: Crude Oil Down 1.8%; Futu Holdings Shares Plunge
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

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Israel's Nano Dimension Spikes on $70M Deal for DeepCube

Israel s Nano Dimension Spikes on $70M Deal for DeepCube
Nano Dimension rose after it definitively agreed to buy the machine-learning and deep-learning company DeepCube for $70 million.
Author:
Nano Dimension (
NNDM) - Get Report rose on Tuesday after it said it definitively agreed to buy the machine-learning and deep-learning company DeepCube for $70 million of cash and stock.
At last check Nano Dimension shares were trading 8.8% higher at $7.23. The stock touched a 52-week high $17.89 on Jan. 26.
The Ness Ziona, Israel, 3D-printing company said in a statement it would pay $40 million cash and $30 million of American depositary shares for DeepCube, Tel Aviv.
The stock is subject to standstill agreements for various periods of as long as three years after closing. The deal itself is expected to close within a few days, subject to customary conditions. ....

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Mid-Afternoon Market Update: Dow Tumbles 370 Points; Kansas City Southern Shares Spike Higher

Mid-Afternoon Market Update: Dow Tumbles 370 Points; Kansas City Southern Shares Spike Higher
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

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Nano Dimension buys Israeli machine learning co DeepCube

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. ....

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