Advanced Electron Beams Raises Series B

Advanced Electron Beams Inc., a Wilmington, Mass.-based developer of electron beam technology for advanced manufacturing processes and environmental control, has raised $17.47 million in Series B funding, according to a regulatory filing. Rockport Capital Partners was joined by return backers Atlas Venture and General Catalyst Partners. The company had raised a $10 million Series A round in late 2005. Expect a formal press release on Tuesday.