News & Announcements

• Boston Metal Raises $50 Million to Decarbonize Steelmaking

  01.11.2021Boston Metal today announced it raised $50 million in Series B funding, positioning the company to accelerate industrial-scale deployments of its molten oxide electrolysis (MOE) technology towards emissions-free steel.

• The Routing Company Raises $5 Million in Seed Funding

  12.15.2020The Routing Company, a startup that builds dynamic routing and vehicle management solutions for transit providers, today announced that it has raised $5 million in a seed round led by The Engine.

• Zapata Computing Receives $38M in Series B Financing

  11.19.2020Funding will enable Zapata to scale research and product development in support of quantum readiness across industries.

• Lara Metcalf Joins The Engine as Chief Financial Officer and Chief Operating Officer

  11.19.2020Former Managing Director of The Social Entrepreneurs’ Fund brings impact investing, academic and financial expertise to the Tough Tech venture firm

• The Engine Raised $230M Toward its Fund II

  10.27.2020MIT Increases Commitment to The Engine, Makes Investment and Provides Space and Specialized Expertise to Support Entrepreneurs Tackling the World’s Most Urgent Challenges

• WoHo Raises $4.5 Million in Seed Funding, led by The Engine

  10.22.2020WoHo Raises $4.5 Million in Seed Funding, led by The Engine, to Transform the Design and Construction of Resilient Living and Working Spaces

• The Engine Appoints Susan E. Siegel as Chairman of its Board of Directors

  10.02.2020Today The Engine announced the appointment of Susan (Sue) E. Siegel as its new Chairman of the Board of Directors.

• Cambridge Crops Rebrands as Mori and Raises $12M in Series A Round

  07.17.2020Cambridge Crops Rebrands as Mori and Raises $12 Million in Series A Funding to Combat Food Waste

• The Engine invests in Quaise

  06.08.2020Quaise Launches with $6 Million to Unlock Earth’s Most Abundant Clean Energy Source

• Commonwealth Fusion Systems Raises $84 Million in A2 Round

  05.26.2020 Commonwealth Fusion Systems (CFS), a startup commercializing fusion energy, today announced it has raised $84 million in A2 funding, bringing the company’s total funding to more than $200 million.

• The Engine invests in Biobot Analytics

  04.21.2020Biobot Analytics Raises $6.7 Million in Seed Funding to Transform Wastewater Infrastructure into Public Health Observatories

• The Engine invests in RISE Robotics

  04.10.2020RISE Robotics Raises $3 Million in Additional Funding to Drive Forward the Electrification and Sustainability of Heavy Machinery  The Engine investment supports RISE Robotics’ development of electric and mechanical systems…

• The Engine invests in Lilac Solutions

  02.19.2020Lilac Solutions Raises $20 Million in Series A Funding to Transform Lithium Production Worldwide

• Tough Tech Summit 2019 – Videos & Recap

  10.30.2019500 founders, investors, academics, policy makers, and business leaders joined us at Tough Tech Summit 2019 to explore the challenges of bringing Tough Tech to market and how the Tough…

• The Engine invests in isee

  11.11.2019isee raises $15M Series A led by Founders Fund with participation from existing investors The Engine. “This autonomous trucking startup out of MIT wants computers to think like human drivers,” writes Business Insider.

• The Engine & PitchBook Partner on 2019 Tough Tech Landscape Report

  10.21.2019The Engine and PitchBook, a leading provider of VC, PE, and M&E data, recently partnered to produce a report on the 2019 Tough Tech landscape. Spanning multiple segments from robotics…

• The Engine expands, responding to a rapid growth of ‘Tough Tech’

  08.27.2019New location will support growing innovation ecosystem; serve as hub for the region  The Engine announced today that it will create an additional 200,000 square feet of shared office, fabrication,…

• The Engine invests in E25Bio

  08.26.2019E25Bio, enabling faster and more accurate healthcare access through its rapid, point-of-care, diagnostic technology, today announced it has raised $2.3 million in seed funding, led by The Engine. E25Bio is pioneering rapid diagnostic technology that can detect mosquito-borne illnesses in minutes instead of weeks.

• The Engine invests in Syzygy

  08.19.2019Syzygy Plasmonics, a technology company developing the world’s highest performance photocatalyst, today announced it has raised $5.8 million in Series A funding co-led by The Engine. Syzygy is advancing a new photocatalytic chemical reactor powered by light from renewable electricity instead of heat from burning fuel. Syzygy’s photocatalytic reactor holds promise to revolutionize the industrial gas, chemical, and energy industries by significantly reducing the cost and carbon emissions in the production process for a wide range of major chemicals such as fuel, fertilizer, and plastic.

• The Engine invests in Cambridge Crops

  09.04.2019Cambridge Crops today announced it has raised $4 million in seed funding led by The Engine. Over one third of the food produced in the world is wasted. Cambridge Crops is pioneering silk-powered technology that is applied to food to slow the exchange of gases that cause decay.

• The Engine invests in Vaxess Technologies

  06.27.2019Vaxess Technologies, a biotechnology company redefining drug delivery with the silk-powered MIMIX smart release patch, today announced it has closed the final tranche of an $8.2 million Series A round led by The Engine.

• Orin Hoffman joins The Engine as Venture Partner

  04.01.2019We’d like to welcome Orin Hoffman to The Engine as a Venture Partner on the investment team. Orin brings a depth of experience in government and startups, a rich technical…

• The Engine invests in Boston Metal

  01.10.2019Boston Metal announced today that it has raised $20M in a Series A funding with participation from The Engine. “A critical piece to achieving a carbon-free world is the decarbonization of steel production,” said Katie Rae from The Engine. “Boston Metal has spent years developing its groundbreaking technology and is incredibly close to bringing it to market.”

• Investing in the Transformative Technology of Tomorrow, featuring Katie Rae

  01.3.2019Katie Rae, CEO of The Engine, sat down with Linda Henry during HUBweek to discuss the future of technology, the startup scene in Boston, her role as an entrepreneur, and…

• Tough Tech Summit Keynotes | Video Playlist

  11.21.2018The inaugural Tough Tech Summit was held on October 29, 2018, and featured nine keynote speakers bookending a day of discussion and debate amongst Tough Tech founders, investors, academic and…

• Looking Back on the Tough Tech Summit

  11.21.2018 The Tough Tech movement is underway. “We are in a time when the next generation of unicorn companies must be solving issues of water scarcity, feeding the planet, or…

• The Engine invests in quantum software startup Zapata Computing

  05.17.2018Quantum Software Startup Zapata Computing Launches Out of Harvard Seed-Round Investors Include The Engine and Pillar CAMBRIDGE, Mass.--Quantum software startup Zapata Computing (www.zapatacomputing.com) launched today to advance breakthroughs in computational…

• Announcing Ann DeWitt as COO at The Engine

  01.26.2018We are thrilled to announce Ann DeWitt as The Engine’s COO. Ann will be instrumental to The Engine as we build the corporate network and program to support our teams…

• The Engine Announces First-Ever Investments in Tough Tech Startups from $200 Million Fund

  09.19.2017First-ever investments by The Engine in seven Boston-based startups across a range of tough tech areas including aerospace, advanced materials, biotech, genetic engineering, renewable energy, and others.

• The Engine closes its first fund for over $150 million

  04.06.2017Just months after its launch, MIT’s new startup accelerator The Engine yesterday closed its first investment fund for over $150 million.

• The Engine Info Session

  03.1.2017Watch The Engine info session.

• The Engine Info Session Q&A

  03.1.2017Watch the Q&A portion of the info session

• Accelerating Breakthrough Innovations

  02.28.2017Join us at an info session for founders to learn how you can make an impact as part of The Engine program.

• The Engine Webcast

  10.26.2016Watch The Engine’s October launch event.