Cambridge Mechatronics Secures Over $40 Million Investment for Advancement of its Pioneering Smartphone Imaging Technology

Cambridge, UK, 13 February 2024 – Cambridge Mechatronics Limited (CML), the global frontrunner in the design and control of Shape Memory Alloy (SMA) actuators, announced the completion of its $40+ million funding round.

CML has integrated its SMA technology into more than 70 million products, notably including leading smartphone cameras worldwide. Leveraging an IP portfolio of over 700 patents, the company is diversifying its offerings beyond smartphone imaging into sectors such as healthcare, interactive entertainment as well as various other high-volume applications.

Atlantic Bridge, a global technology investment firm with a robust portfolio of over $1 billion in assets, led the funding round. Joining the syndicate were Intel Capital and Supernova as co-leads with further participation from Sony Ventures Corporation.

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.”

Andy Osmant, Co-Managing Director at CML said:

“Stefan, Matthew, and the team at Acuity understood what we are trying to achieve at Cambridge Mechatronics and got that message across to investors. They displayed tenacity and sophistication when it really mattered to help close the deal.”

Stefan Dorin, Vice President at Acuity commented:

“It was a pleasure to support the CML team in their fundraising endeavour and connecting them with the right investors in our network. The market opportunity for CML is immense, and we look forward to their continued success as they embark on the new journey.”

Matthew Byatt, Managing Partner at Acuity commented:

“We are delighted to have advised CML during this significant milestone, especially amidst the challenging global macroeconomic landscape. Once more, this transaction underscores Acuity’s status as the premier advisor for mid-market Deep Tech and Semiconductor businesses, and I am thrilled with this result.”