Tech Tidbits: Akamai, Lilliputian Make Waves
It has been a very busy news week around town, with no signs of slowing down. A few big deals we’re watching today…
—Wilmington, MA-based Lilliputian Systems, a company developing portable-power technology for consumer electronics, has raised a distinctly non-Lilliputian round of equity funding: $40 million out of a planned $60 million, led by Rusnano, the Russian investment fund. Lilliputian’s other investors include Kleiner Perkins Caufield & Byers, Altira Group, Stata Venture Partners, Atlas Venture, and Fairhaven Capital. (Rusnano’s other Boston-area investments include BIND Biosciences and Selecta Biosciences.)
Lilliputian started in 2001 and is led by CEO Ken Lazarus. Its technology, originally developed at MIT, involves a chip-based power generator and recyclable fuel cartridges; this approach could potentially replace batteries in smartphones, tablets, and cameras, if it works better.
—Cambridge, MA-based Akamai Technologies (NASDAQ: AKAM) has acquired FastSoft, a Pasadena, CA-based software firm, for an undisclosed cash price. The move appears to strengthen Akamai in certain areas of network optimization, such as making websites and Web/mobile applications run faster when handling video and other rich media. Akamai says it will integrate the FastSoft team into its engineering group, setting up a center in Pasadena to work on network protocols and optimization technology. The acquisition won’t have a material impact on Akamai’s financials, the company says. But the deal follows in the footsteps of Akamai’s recent acquisitions of Blaze Software and Cotendo in Web and mobile optimization.