Lantos Nabs $4.1M, Adds New CEO
[Updated 8/29/11 6:40 pm. See below.] Cambridge, MA-based Lantos Technologies, an imaging technology startup, has brought in $4.1 million in a round of equity funding from 17 investors, according to an SEC filing. The funding was led by return Lantos investor Excel Venture Management and included previous backers Catalyst Health Ventures and Mass Medical Angels. The MIT spinout raised $1.6 million in Series A funding last fall, to put toward development of its device for 3D imaging and digital mapping of the human ear canal.
Lantos also announced that it has hired Jeffrey Leathe as its new CEO, and that its founding CEO Shahid Azim will become senior vice president of new market development, focusing on consumer applications of the Lantos technology. Leathe was previously CEO and chairman of Biocius Life Sciences, an instrument and contract research organization focused on drug discovery research and clinical diagnostic testing. [Story updated to include investors and CEO announcement.]