Artificial Muscle, a maker of actuators powered by an electroactive polymer, raised $20 million in a second funding round. The company’s release is here.
The company, founded by SRI International, builds components such as auto-focus lens positioners and a “universal” actuator whose movements are controlled in a muscle-like fashion by a special polymer that converts electrical energy into mechanical motion. It hopes to expand use of its technology into medical, automotive, energy and industrial applications.
[aditude-amp id="flyingcarpet" targeting='{"env":"staging","page_type":"article","post_id":16872,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"business,","session":"A"}']The round was led by AllianceBernstein‘s venture arm. Also joining were Arch Venture Partners, NGEN Partners, Vanguard Ventures, Micron Technology, Parker Hannifin, and CTTV Investments.
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