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Thursday, September 16, 2010

Lantos Technologies raises $1.6M in Series A round

By Rodney H. Brown

Lantos Technologies Inc., a health-focused 3-D scanning technology startup, has raised the expected $1.6 million in it Series A round of funding, according to officials. Leading the round was Catalyst Health Ventures of Braintree.

Also participating in the first funding for Cambridge-based Lantos was Excel Venture Management and Mass Medical Angels, a new regional angel fund launched in early 2009 by Richard Anders, a long time Boston-area entrepreneur and financier.

Lantos is developing 3-D imaging technology that provides minimally invasive digital mapping of the human ear canal, so manufacturers can make more comfortable, custom fit audio devices such as hearing aids, earphones and noise-canceling devices, officials said. Seed capital for Lantos came in the form of an innovation grant from the Deshpande Center at MIT.

The company was co-founded by MIT mechanical engineering professor Douglas Hart. In 2006, Hart sold his previous startup, Brontes Technologies Inc., for $95 million to 3M Company. Brontes had focused on 3-D scanning for oral applications.

According to it website, Lantos is housed at the Cambridge Innovation Center. The company was incorporated in November 2009, and is led by co-founder and president Shahid Azim, formerly CEO of IT offshoring company Braintree Group..


 

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