Penn State spin-out Strategic Polymer Sciences secures $8m series B and name change to Novasentis.
Strategic Polymer Sciences (SPS), a sensory feedback spin-out of Pennsylvania State University, has secured $8m from the corporate venture capital unit of tech giant Samsung ahead of a name change.
Samsung Ventures joined existing backer Chengwei Capital in the $8m series B round into SPS, now known as Novasentis. Chengwei previously invested in the firm back in 2008 when it led a $3m series A round.
The funding will be used to scale up the production of…
