NanoMuscle secures $5million in Second Round Funding…

NanoMuscle, an Antioch, California-based technology company that designs and manufactures linear actuators, announced recently that it has raised $5 million in second round financing. Investors include Crossbow Ventures and the financial arm of a leading European automotive manufacturer.

Founded in 1998, NanoMuscle is a privately held company, which has developed a classic ‘displacement technology’ for small electric motors, which can be connected directly to digital systems with no analogue electronics, using a completely different underlying source of movement from the electric motors they displace.

A NanoMuscle device offers a silent and superior performance, with an order of magnitude decrease in size and cost. Typically, a NanoMuscle based mechanism is 1/20^th the size and weight and 1/10^th the cost of an equivalent electric motor based solution. An electric motor of comparable size would cost a thousand times more.

The company has several patent applications covering various aspects of NanoMuscle motor design and has entered into agreements to supply over 10 million NanoMuscle motors in the last six months alone. 

For more information, please contact: Bundeep@ariadnecapital.com

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