Lyncean, based on research at Stanford University and its SLAC National Accelerator Laboratory, has raised $13.8m in a first close of its series B round from backers such as Intel.

Lyncean Technologies, a US-based compact light source technology developer spun out from Stanford University, raised an initial $13.8m in series B funding on Tuesday from investors including semiconductor producer Intel.

Intel, which invested through its corporate venturing division Intel Capital, participated alongside EuroUS Ventures, Anchor Fund and Quintus Vermögensverwaltung.

Founded in 2001, Lyncean Technologies is working on a miniature X-ray source dubbed Compact Light Source (CLS) that can replace undulator magnets in a type of particle accelerator known as synchrotron.

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