Banking & Finance  November 3, 2015

Intel invests in local companies Prieto Battery, KMLabs

Intel Corp. announced on Tuesday that its venture-capital arm, Intel Capital, has invested in a pair of local companies, Prieto Battery in Fort Collins and Boulder-based KMLabs.

The investments were announced at the Intel Global Summit in San Diego. The local companies were among 10 nationwide to receive a total of $22 million in funding.

Specific amounts invested in each company were not disclosed. BizWest reported last month that KMLabs had disclosed in a regulatory filing a new $5.5 million funding round. KMLabs, which makes custom laser systems for research applications that it sells mostly…

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