Press Release: MEMSDrive : MEMS Drive Raises $11M in Series B Funding

MEMS Drive, Inc. announced today it closed an $11 million funding round, led by cross-border venture capital firm Walden International. Walden led the Series B at the head of a syndicate of investors to provide capital for MEMS Drive to ramp production of its MEMS (micro-electro-mechanical system) optical image stabilization (OIS) actuator for smartphone camera technology. In February 2016, global smartphone leader OPPO demonstrated its SmartSensor which uses MEMSDrive as underlying technolog...