Cambridge firm raises £32m for smartphone camera tech

A Cambridge-based firm growing smartphone camera expertise has secured over $40m (£32m) in a funding spherical that attracted funding from the enterprise capital arm of Sony.
Cambridge Mechatronics develops form reminiscence alloy actuators that it says present picture stabilisation and autofocus in smartphone cameras utilizing a “extra compact and light-weight design”.
Its strategy, the corporate says, can be free from electromagnetic interference and reduces energy consumption.
Cambridge Mechatronics says its actuator expertise, which is as skinny as a human hair, has been shipped in over 70 million merchandise, together with smartphones made by Huawei.
It has constructed up a portfolio of round 700 issued and pending patents, which it licences to multinationals and provide chain companions.
The deeptech firm plans to make use of the funding increase to develop its portfolio of actuator and built-in circuits applied sciences.
The oversubscribed funding spherical was led by Atlantic Bridge, a worldwide funding firm managing over €1.2bn of belongings.
The spherical was co-led by Intel Capital and Supernova, whereas Sony Innovation Fund additionally offered funding.
“We led this funding as we imagine Cambridge Mechatronics has a novel and confirmed deep expertise platform for SMA, which can usher new imaging paradigms for smartphones and past,” stated Osman Kent, associate at Atlantic Bridge.
While the smartphone camera is the Cambridge firm’s major focus, its expertise may produce other functions.
Arun Chetty, managing director at Intel Capital, stated that Cambridge Mechatronics’ expertise “has the potential to revolutionise different markets reminiscent of precision drug supply gadgets and haptics”.

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