BotFactory Completes $1M Seed Round for Multilayer PCB Printer

BotFactory, the New York City-based manufacturer of the Squink Multilayer PCB Printer announced that is has completed a $1M Seed Round of financing. New York Angels led the investment round, putting fresh capital towards expanding sales and marketing efforts as well as product development.

New York Angels is one of the largest Angel Investor groups in the World, injecting capital into early-stage to mid-stage companies in the New York Area. New York Angels Director Larry Richenstein will join BotFactory’s Board of Directors.

This Seed Round closes on the second anniversary of BotFactory’s successful $100,000 Kickstarter campaign, and a little more than a year since BotFactory began shipping out their Squink PCB Printer. In October 2015, BotFactory released their ‘Advanced Ink’, which allows users to print traces on Kapton and FR4, as well as many novel materials like ceramics and metals. Six months later, BotFactory released ‘Insulating Ink’, that enables users to create Multilayer PCBs at their desktop. Each release has been coupled with regular software updates that have improved printing, solder dispensing and pick-and-place functionality.

Squink is capable of creating a fully functional PCB from start to finish in a complete, integrated package. Amongst their user base, BotFactory counts a number of Fortune 500 companies, Ivy-League Universities and Research Labs who use Squink to reduce their PCB Design cycle time and bolster their innovation and product development efforts.

BotFactory this year won a Best Technical Development Manufacturing Award from IDTechEx, a $30,000 Grant from the NYCEDC Futureworks program and a second-place finish in the AlphaLab National Hardware Cup.

The $500Bn Electronics Industry has been clamoring for a better prototyping solution that is relatively quick and inexpensive. A typical small to medium sized company or university will spend thousands of dollars creating one-off Printed Circuit Boards (PCBs), and still have to wait one to three weeks for it to be made. Compounding the lost time and money, there is no guarantee that IP is secure from theft by outside PCB vendors or contract manufacturers.

Key features of BotFactory Squink Multilayer PCB Printer:

  • Print multilayer PCBs on flexible or rigid substrates like Kapton and FR4
  • Print any smooth, non-porous materials capable of retaining it’s shape at 110 celsius
  • Dispense solder and conductive glues onto any PCB design - even ones made by other outside vendors
  • Pick-and-place parts as small as 0603s or QFNs at a rate of 4 parts per minute
  • Intuitive Software - upload GERBER as well as Image files of PCB designs using a browser as the key interface
  • Plug-and-Play - no assembly or downloading required - entire software package is on each Squink

CEO Nicolas Vansnick commented on BotFactory’s status on the leading edge of a paradigm shift in manufacturing. “We’re just starting to scratch the surface of what is a huge problem for an electronics industry that is only growing faster, driven by new developments like the Internet of Things. Everyone is trying to lower the cost of fabricating one-offs in factories designed to make millions, when we’re miniaturizing that factory and bringing it closer to where it is needed: on the engineer’s desk.”


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