Cambridge Mechatronics has raised $40 million for its actuators and controller integrated circuits which are used in smartphone imaging.
Cambridge Mechatronics (CML) has shipped its Shape Memory Alloy (SMA) technology in over 70 million products, including some of the world’s top-ranking smartphone cameras. With over 700 patents pending and granted, the company plans to expand beyond smartphone imaging into healthcare, interactive entertainment, and other applications.
The rise of social media and video sharing means that smartphone camera performance is vitally important to smartphone brands and their customers. The SMA technology generates a high force in a very compact form factor which means it can deliver world leading optical image stabilisation (OIS) for motion free photos and videos.
The funding round was oversubscribed and led by Atlantic Bridge, with co-leads from Intel Capital and Supernova, and additional participation from Sony Innovation Fund.
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