Nanotronics, a global developer of the world’s most technologically advanced automated microscope, has announced it has secured $30 million in Series D funding led by Investment Corporation of Dubai (ICD) with participation from current investor, Founders Fund. ICD’s portfolio includes more than 40 company investments across diverse sectors with a global footprint spanning more than 50 countries. Following the completion of this current financing, Nanotronics will have raised a total of $71 million, which will accelerate the development of the company’s cutting-edge optical inspection technologies and proprietary industrial enterprise software, as well as expansion into key regions of the Asian market in 2018.
“From the first Nanotronics system sold six years ago, to the over 60 factories we now operate in around the world, we are bringing our mission of delivering a convergence of the most advanced technologies back to industry,” said Nanotronics founder and CEO, Dr. Matthew Putman, PhD. “Our expansion will fuel an engine of invention, and as we enable our customers to deploy better technology, Nanotronics’ methods and opportunities will be further positioned at the center of the global manufacturing network.”
Nanotronics provides scientists and engineers a powerful tool that seamlessly integrates into manufacturing supply chains for everything from MEMs and semiconductors to aerospace hardware, nano-medicine, and DNA sequencing and storage. Redefining the relationship between technology and manufacturing, Nanotronics’ systems such as nSPEC and nSPEC 3D were developed with a globally patented super-resolution; 3D imaging; precision robotics; and the most advanced software techniques for computer vision and artificial intelligence. Nanotronics’ capabilities allow manufacturers to rapidly implement design and process changes, increase yields and process control, and reduce scrap and costs.
“Consumers have access to better algorithms in their smartphones than you will find inside most of the factories that make what we consume. That gap is an opportunity. Nanotronics is seizing it,” remarked Founders Fund partner and Facebook, Palantir, and Nanotronics Board Director, Peter Thiel.
“This investment reaffirms ICD’s strategic commitment towards technology innovation and marks the beginning of a long term partnership with Nanotronics which we believe is playing an important role in shaping the future of advanced manufacturing and inspection across global industries,” said Khalifa Al Daboos, Deputy CEO of ICD.
Investment Corporation of Dubai will be joining other existing Nanotronics investors: co-founder of Skype and Kazaa Jaan Tallinn, co-founder of First Round Capital and Renaissance Technologies Howard Morgan, and media and technology mogul Kevin Wall.
For more information: www.nanotronics.co