Cambridge Mechatronics, a UK-based company specializing in smartphone imaging technology, has secured over €37 million in funding for the development of its actuator and controller IC product portfolios. The funding round, which was oversubscribed, was led by Atlantic Bridge, with Intel Capital and Supernova serving as co-leads and Sony Innovation Fund also participating.
The capital raised in this funding round will facilitate the rapid expansion of Cambridge Mechatronics’ product offerings and support the company’s plans for growth. The technology developed by the company focuses on improving smartphone imaging through the use of Shape Memory Alloy (SMA) actuators and controller ICs. These components enable precise movements of camera elements to achieve autofocus (AF) and optical image stabilization (OIS) in a more compact and lightweight design.
Compared to traditional voice coil motor technology, SMA actuators offer a higher force-to-mass ratio while being free of electromagnetic interference. One of Cambridge Mechatronics’ innovative solutions, the SMA Variable Aperture, provides continuous aperture control in a much smaller form-factor than industry standards. Additionally, the company’s patented Zero Hold Power technology allows camera components to remain stable during image capture without consuming any power.
With expertise in SMA actuator design and control, Cambridge Mechatronics has already shipped its technology in over 70 million products, including some of the world’s top-ranking smartphone cameras, according to industry experts DXOMARK. The company holds over 700 patents, both pending and granted.
While smartphone imaging remains the primary focus for Cambridge Mechatronics, the company aims to expand its technology into other industries and applications. The precise control enabled by SMA actuators and dedicated semiconductors opens up opportunities in healthcare, interactive entertainment, and more. For instance, there is a growing need for miniaturization and precise dosing in small format drug delivery devices, which could benefit from SMA technology. Additionally, SMA haptics can provide localized and variable haptic feedback, making it applicable to both smartphones and game controllers.
Investors in this funding round expressed confidence in Cambridge Mechatronics’ technology and its potential to revolutionize various markets. Arun Chetty, Managing Director at Intel Capital, believes CML’s technology has the power to transform precision drug delivery devices and haptic technology. Osman Kent, Partner at Atlantic Bridge, highlighted the unique and proven deep technology platform that Cambridge Mechatronics possesses, which he believes will drive new imaging possibilities for smartphones and beyond. Regis Saleur, CEO, and Managing Partner at Supernova Invest expressed excitement about Supernova’s first investment in a UK technology company, emphasizing the alignment between CML’s technology and their existing portfolio in Deeptech and Photonics. Antonio Avitabile, Managing Director – EMEA at Sony Ventures Corporation, recognized CML’s extensive patent portfolio and commercial traction, making it a leading innovator in smartphone camera technology.
The funding secured by Cambridge Mechatronics will support the company’s plans for growth and the expansion of its talented teams. With the continued development of their product platforms, Cambridge Mechatronics aims to further differentiate itself as a leader in the field of SMA technology.
In summary, Cambridge Mechatronics’ recent funding round of over €37 million will fuel the company’s expansion and development of smartphone imaging technology. Through the use of SMA actuators and controller ICs, Cambridge Mechatronics aims to improve autofocus and image stabilization in smartphones. The company’s technology has already been successfully incorporated into millions of products, and with this new funding, they plan to further advance their innovation in various industries beyond smartphones. Excitement and confidence from investors in Cambridge Mechatronics’ technology showcase its potential to revolutionize and lead in the field of camera control technology.
