Recorded Future, Liquid Metal Battery Raise VC Rounds

5/24/12Follow @gthuang

Two Boston-area companies that don’t do a lot of talking in the media are making some noise today.

They don’t have much in common, except that each is working on a really big technological problem in society with a pretty novel approach (and they’re getting some funding news out before the holiday weekend). As usual, there’s much more to these companies than just their funding news, so stay tuned.

Liquid Metal Battery, an MIT spinout working on grid-scale energy storage, has raised $15 million more to complete its Series B financing. Khosla Ventures led the round, joined by Bill Gates and energy firm Total. I have no idea what a liquid metal battery is, but presumably it could be a more cost-effective way of storing energy from sustainable sources like wind and solar, as compared to existing alternatives.

Recorded Future, a data analytics startup based in Cambridge, MA, has raised a $12 million Series C round led by new investor Balderton Capital. Previous investors Google Ventures, Atlas Venture, IA Ventures, and In-Q-Tel also participated in the round. Recorded Future is developing analysis and visualization tools to help government agencies and financial institutions make predictions based on data across the Web.

Gregory T. Huang is Xconomy's Deputy Editor, National IT Editor, and the Editor of Xconomy Boston. You can e-mail him at gthuang@xconomy.com. Follow @gthuang

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