Massachusetts based tech firm Lilliputian Systems raises $40m from investor including Intel, as part of a planned $60m series C equity round, plans Moscow expansion.
Fuel cell company Lilliputian Systems has raised $40m from investors including semiconductor company Intel, as part of a planned $60m series C led by Rusnano; a Russian state owned investment fund aimed at developing their domestic nanotechnology sector. Rusnano has contributed $25m.
Previous investors, venture capital firms Kleiner Perkins Caufield & Byers, Altira Group, Stata Venture Partners, Atlas Venture, Fairhaven Capital, and chip making giant Intel Corp have contributed the remainder.
According to news provider Boston Business Journal Lilliputian has…
