Cambium closes $19M Series A to develop advanced biomaterials for next-gen hardware
Cambium kickstarted with an early collaboration with the Naval Air Warfare Center Weapons Division, headquartered in China Lake, California, on bio-based, high-temperature composite materials to help make aircraft, ships, submarines and spacecraft more fire-resistant. These thermal protection systems were put to the test in a live ignition of the wing of a medium-sized UAV, and Cambium found they far outperformed other available materials.
Since then, the company has expanded to three main lines of business, Waddington said. The first is the high-temperature, lightweight polymers just mentioned, which could be suitable for UAVs, eVTOLs or battery casings. The second line of business is an even higher temperature set of materials that almost look like ceramics; these are better suited to hypersonic applications, where temperatures can hit extremes. The final area is emerging domains, like protection against lasers for satellites, eyes and other applications.
To continue developing these materials, Cambium just closed a $19 million Series A funding round led by 8VC, with participation from Veteran Ventures, GSBackers, Marlinspike, MVP Ventures, Gaingels, Kern Venture Fund, Jackson Moses (Founder, Silent Ventures), Vertical Capital and angel investors. The company has now raised over $27 million to-date, including an $8 million seed round in 2021.
Author: Aria Alamalhodaei