When Cambridge, MA-based Lantos Technologies filed SEC documents earlier this month indicating that it raised $3.8 of a planned $6.6 million funding round, the company was pretty much mum on the matter—no press releases or announcements of any kind. But when Xconomy reached Doug Hart, the MIT mechanical engineering professor who founded the company in 2009, he made it clear the financing marks an important milestone for the company. “It should take us well into product launch and hopefully to cash positive,” he says.
