ADARACT WINS FIRST PLACE AT NEVADA-BASED STARTUP COMPETITION, ANGELNV, SECURING $400,000 INVESTMENT
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.
