13 February 2024

Cambridge Mechatronics Secures Over $40m Investment

Cambridge Mechatronics Secures Over $40m Investment

CAMBRIDGE, England, DATE: 13/02/2024

Cambridge Mechatronics Limited (CML), the world leader in the design and control of Shape Memory Alloy (SMA) actuators, announces the closing of a funding round totalling over $40m to enable rapid expansion of its actuator and controller IC product portfolios.

The oversubscribed funding round was led by Atlantic Bridge. Intel Capital and Supernova acted as co-
leads with further participation from Sony Innovation Fund.

The senior leadership team at Cambridge Mechatronics Jörgen Lantto, Chairman of Cambridge Mechatronics writes: “We are delighted to welcome such a prominent group of global investors to CML. Their expertise and experience together with the capital raised will enable us to accelerate our plans for growth. The fact that this funding round was oversubscribed is a testament to the innovation of our talented employees developing world-leading SMA technology, and the wide range of applications where CML’s SMA technology can deliver industry-leading performance.”

Smartphone innovation is dominated by camera technology, fuelled by the growth of social media and video sharing platforms. CML is primarily focused on developing disruptive solutions for improving smartphone imaging, including SMA actuators and controller ICs. SMA actuators generate a high force-
to-mass ratio, performing precision movements of camera components to achieve autofocus (AF) and optical image stabilisation (OIS), in a more compact and lightweight design. Compared to incumbent voice coil motor technology, SMA is free of electromagnetic interference. CML’s new SMA Variable Aperture provides continuous aperture control in a form-factor significantly smaller than the industry standard. The patented Zero Hold Power technology holds components such as the aperture in place during image capture whilst consuming no power.

Cambridge Mechatronics is a pioneer in the field of SMA actuator design and control. Its technology has shipped in over 70 million products to date, including several of the world’s top-ranking smartphone cameras, according to industry experts DXOMARK. CML has over 700 patents pending
and granted.

The proven expertise in SMA actuator design and precise control hosted on dedicated semiconductors will enable Cambridge Mechatronics to expand beyond smartphone imaging to applications in healthcare, interactive entertainment, and beyond. For example, there is a need for miniaturisation
and precise dosing in small format drug delivery devices. SMA haptics, providing localised and variable haptic feedback, has applications in both smartphones and game controllers. The investment will fund a growth of CML's talented and motivated teams to facilitate an accelerated increased differentiation of our product platforms.

Osman Kent, Partner at Atlantic Bridge said:
“We led this investment as we believe Cambridge Mechatronics has a unique and proven deep technology platform for SMA, which will usher new imaging paradigms for smartphones and beyond. Atlantic Bridge is excited to support Cambridge Mechatronics access new customers and markets and become the leader in camera control technology.”

Cambridge Mechatronics
Alexander Doust, Director of Marketing and Global Sales Operations
Tel: +44 (0) 1223 450 190
Email: marketing@cambridgemechatronics.com

About Cambridge Mechatronics
Cambridge Mechatronics Limited (CML) is the world’s leader in the design and control of Shape Memory Alloy (SMA) actuators. CML’s actuators using SMA wire can be controlled to sub-micron accuracy. These actuators are particularly suited to applications requiring fast motion, high precision and high force levels, in a compact and lightweight design. For more details about SMA technology and Cambridge Mechatronics, please visit www.cambridgemechatronics.com.

About Atlantic Bridge
Atlantic Bridge is a global technology investment firm with over €1.2 billion of assets under management across a platform of eight funds, investing in deep tech companies in Ireland, the UK, Europe and the U.S. We support portfolio companies in scaling internationally with a diverse investment team of technology and operations savvy professionals across our offices in Dublin, London, Palo Alto, Munich and Paris. Learn more at www.abven.com.