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Artificial Muscle Raises Series B Of $20 Million

Thursday, June 07, 2007 5:00:00 AM PDT | VentureDeal Staff

MENLO PARK, CA -- Artificial Muscle Inc. announced the close of its second round of financing, raising $20 million from a syndicate of venture capital, private equity and corporate venture groups.

Artificial Muscle is developing polymer components that convert electrical energy into mechanical motion.  Their polymers are used in sensors, speakers, generators and motors.

Investors were led by AllianceBernstein & Co., and included ARCH Venture Partners, NGEN Partners, Vanguard Ventures, Micron Ventures, Parker Hannifin Corp. and CTTV Ventures.

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