Israel startup Nanofabrica, a company that develops a novel optical-based technology that enables ultra-precise 3D printing, announced Sunday they had raised $4 million in a funding round led by Microsoft’s venture fund M12 and NextLeap Ventures.
Alpha Capital also joined the investment round.
The funds will be used to further R&D for the company as well as to expand sales.
The company has raised a total of $7 million to date.
Founded in 2016, the Tel Aviv-based startup develops 3D printing tech that enables the manufacturing of precise parts for semiconductors, medical devices, and other optical and electronic products. The startup has worked with over ten Fortune 500 companies.
“Nanoscale, precision manufacturing is a growing need for R&D organizations, as well as production-scale manufacturing companies,” said M12 Partner Matthew Goldstein. “Nanofabrica has focused on serviceability and robustness to best serve their customers and enable digital mass manufacturing of precision parts.”
NextLeap Ventures is an investment firm made up of former Intel Corporation employees.
At Intel, we worked for many years in an industry that manufactures precise parts by subtractive technologies. For this reason, we understand the strategic breakthrough that Nanofabrica brings with the ability of precision additive manufacturing. We believe in the leadership of the company, and are delighted to be among their investors,” said Ido Lapidot, Partner at NextLeap Ventures.”