Deep tech startup Itera has emerged from stealth with a prototype of the world's first fluid circuit board, a technology that lets engineers rewire and retest physical electronic circuits in less than a minute. The company also announced $12 million in seed funding from Upfront Ventures, Costanoa Ventures, and Colle Capital to launch its first product.
Key takeaways
- Traditional PCB prototyping cycles take two to six weeks per iteration, costing hundreds of thousands to millions in burn; Itera's glass and liquid metal architecture cuts rewiring to under a minute.
- Unlike simulation, the fluid circuit board uses real components with actual electrical behavior, and allows probing any internal circuit node—not just exposed test points—offering unmatched signal visibility.
- Iteration cycles can be up to 1,000x faster, compressing months of development into days.
- Operates on an Electronics-as-a-Service model: designs are assembled with customers' actual components on multilayer substrates at secure US-based testing centers, accessible remotely.
- Initial production capacity is reserved by a top five global automotive OEM and defense primes; a leading hyperscaler and chipset manufacturers are evaluating the technology.
Itera positions itself as the only source of actual electronic performance data, supporting reshoring and data sovereignty initiatives. The funding will accelerate bringing this technology to market, promising to dramatically lower hardware development costs.
Source: Robotics & Automation News (roboticsandautomationnews.com) · Published 2026-05-30 · “Itera raises $12 million for fluid circuit board that rewires itself in under a minute”