MEMS Drive Raises $11M in Series B Financing

Over the last two years, MEMS Drive, Inc. has been busy at work completing the development of a MEMS actuator that moves the image sensor to compensate for shake and dramatically improve picture quality for future cellphone cameras. This amazing technology, which was first publicly demonstrated at the Mobile World Congress in Barcelona about eight months ago, is now getting ready to leave the lab and enter the market. According to Business Wire, Walden International and Cross-Border Venture Capital Firm led an $11 million Series B round to enable MEMS Drive "to support customer deliveries and to work with [their] eco-systems partners to bring product to market".
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The day when we will get to experience true optical image stabilization in our phones inches closer. Stay tuned!