May 25, 2012
CAMBRIDGE, Mass. — What’s catching Bill Gates’ attention these days? Liquid Metal Battery, a local startup spun out of MIT. Its technology could help the grid make better use of renewable energy sources like wind and solar and bring electricity to parts of the world that don’t have it, according to CEO Phil Giudice. The startup announced this week that it raised $15 million in new funding from Gates, the energy company Total and Khosla Ventures — a West Coast firm that Giudice says focuses on “clean tech with massive impact.”
In other innovation news…
It’s the end of an era for a Boston wireless-networking firm that started in 2001. Ember is being acquired by Texas-based Silicon Laboratories for $72 million, but will continue working in the energy and security markets.
Cambridge-based Recorded Future raised $12 million in venture funding to help organizations make decisions based on the Web. The company’s software tries to predict everything from the stock market to civil unrest.
And last week we told you about Thomas Massie, the MIT entrepreneur running for Congress. Well, he won the Republican primary in Kentucky this week, which means he’s a heavy favorite to make it to Capitol Hill. We’ll be watching to see if other techies follow his lead.
The weekly roundup of business, technology and life science news from our partners at Xconomy.com airs every Friday on 89.7 Boston Public Radio.