ADARACT WINS FIRST PLACE AT NEVADA-BASED STARTUP COMPETITION, ANGELNV, SECURING $400,000 INVESTMENT
After several rounds of pitching and evaluation over the course of 3 months, Adaract won first place out of a group of seven finalist startups in a “Shark Tank-Style” finale in Las Vegas.
Reno, NV – May 5, 2023 – Adaract, a groundbreaking startup that specializes in high-performance artificial muscle actuators, is pleased to announce its recent victory at the prestigious AngelNV Startup Competition. Held at Las Vegas City Hall on April 29th, Adaract triumphed over more than 100 Nevada-based startups to claim first place and secure a $400,000 investment.
Adaract's innovative technology has the potential to revolutionize a wide range of industries, including prosthetics, robotics, and aerospace. The company's high-performance artificial muscle actuators provide stronger, lighter, and more compact motion solutions, which can significantly enhance efficiency and functionality.
The AngelNV Startup Competition began with over 100 promising startups from Nevada, which were then narrowed down to just seven finalists after several rounds of rigorous pitching and evaluation. At the live pitch event at Las Vegas City Hall, the finalists presented their groundbreaking ideas to an esteemed panel of 50 investors and judges. Adaract's exceptional innovation and vision set it apart from the competition, ultimately leading to the company being awarded the coveted first-place prize and a substantial $400,000 investment.
"We are extremely grateful for the recognition and support we have received from AngelNV and its panel of investors and judges," said Marcus D’Ambrosio, Adaract's co-founder. "This investment will enable us to continue our mission to transform the motion technology landscape with our artificial muscle actuators. We believe that our innovations have the potential to change lives and make a significant impact on industries such as prosthetics, robotics, and aerospace."
Adaract's victory at the AngelNV Startup Competition marks a significant milestone for the company as it strives to bring its cutting-edge technology to additional markets. The $400,000 investment will provide Adaract with the resources necessary to further develop and refine its artificial muscle actuators and properly utilizing them in a wider range of applications and industries.
About Adaract:
Adaract is a pioneering startup that specializes in high-performance artificial muscle actuators, providing stronger, lighter, and smaller motion solutions for prosthetics, robotics, aerospace, and more. Founded on the belief that technology has the power to transform lives, Adaract is dedicated to pushing the boundaries of motion technology and creating innovative products that can disrupt industries and empower humanity.
For more information about Adaract, please visit https://adaract.com or contact Marcus D’Ambrosio at marcus@adaract.com.
Adaract Meets With Nevada Senator Cortez Masto and University of Nevada, Reno President Brian Sandoval
The Adaract team had the honor of discussing our innovation with two community leaders in northern nevada, Senator Cortez Masto and UNR President Brian Sandoval.
Nevada Senator Catherine Cortez Masto was visiting the University of Nevada, Reno on August 15th, 2022 to tour the Applied Research Facility (ARF), a hub of research, innovation, and outreach endeavors on campus. Adaract was one of the few affiliate companies operating within the ARF that was chosen to meet with the senator and the university’s president, Brian Sandoval.
During a tour of Adaract’s industrial workspace, the Adaract team had a unique opportunity to discuss their innovations and ambitions. Both intrigued, the senator and university president applauded Adaract’s efforts at creating revolutionary solutions for those with physical disabilities as well as offered support in accomplishing this mission. The Adaract team is excited for any collaborative opportunities that come from this visit.
Interest and validation from these two intelligent and influential individuals furthers Adaract’s conviction to utilize its technological advancements for impact-driven innovation in the worlds of prosthetics, orthotics, exoskeletons, and mobile robotics.
“CAN SYNTHETIC MUSCLES DELIVER REAL POWER TO A PROSTHETIC LEG?”
Adaract appears in Amplitude Media Group’s article titled: “Can synthetic muscles deliver real power to a prosthetic leg?”
Adaract had its first media showing in Amplitude Media Group’s newsletter on July 27th, 2022 when Amplitude’s editor-in-chief, Larry Borrowski, brought Adaract into the light with an article titled “Can synthetic muscles deliver real power to a prosthetic leg?”. This article published on July 27th, 2022 discusses the novelty of Adaract’s core technology as well as its first implementation in powered prosthetics.
Read the full article here.