memetis GmbH, a Karlsruhe, Germany-based maker of foil-based miniature actuators made of shape memory alloys (SMA), completed its first funding round with a seven-figure amount.
Backers included High-Tech Gründerfonds (HTGF) and the Karlsruhe Institute of Technology (KIT) and other venture capital investors.
The company intends to use the funds for business development, in particular the establishment of the technology and various actuator applications in the market as well as expanding its own development and production capabilities.
A spin-off of the Karlsruhe Institute of Technology (KIT) led by Christoph Wessendorf, memetis develops foil-based miniature actuators made of shape memory alloys (SMA). Foil-based SMA miniature actuators enable high switching forces with better integratability and higher design flexibility compared to available wire-based SMA solutions. memetis has expertise in the microstructuring of SMA miniature actuators and can adapt the developed actuators to market and customer requirements using specially coordinated rapid manufacturing technology. Due to the expanded range of applications, memetis SMA miniature actuators are used in a variety of innovative industries, such as biotechnology and medical technology.