Lilliputian Systems Raises $30 Million in Venture Funding

November 06, 2005 by Jeff Shepard

Lilliputian Systems Inc. (Woburn, MA), a spinout of the Massachusetts Institute of Technology (MIT), reported that it has raised $30 million in venture funding as it develops fuel cells for use in portable devices. Lilliputian reportedy has raised $40 million in total funding, including $3 million in 2002 and $7 million in April of 2004. Lilliputian's backers include Atlas Venture (Waltham, MA), Kleiner Perkins Caufield & Byers (Menlo Park, CA), and Rockport Capital Partners (Boston, MA).

Lilliputian Systems is currently developing an integrated micro solid-oxide fuel cell and micro-reformer on a silicon chip based on technology out of MIT and Lawrence Livermore National Labs. The company is using micro-electro mechanical systems technology from the integrated circuit industry to produce high energy densities. Lilliputian Systems is targeting the battery replacement market for the next generation of portable electronics.