MEMS Drive is a fabless MEMS based actuator device maker focusing on optical image stabilization (OIS) technology for mobile devices. The company raised $11 million in its series B round in October 2016, and is aiming to replace the currently dominant voice coil motor (VCM) technology with its MEMS based chip. The company is planning to use the funds from the most recent financing round to expand capacity and team, and to further customize their actuator to fit a wider variety of image sensors and customer requirements. MEMS Drive is already working with OPPO, a Chinese smartphone maker, which announced an image stabilization feature based MEMS Drive’s technology at the Mobile World Congress in 2016. We recently spoke with the company’s CEO Colin Kwan about the technology trends in this market segment, competitive dynamics, and application requirements.