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Via Separations Raises Oversubscribed $38 Million Series B
10.21.2021 Via Separations, a rapidly-scaling technology company that enables industrial decarbonization, announced a $38 million investment, led by NGP ETP, a growth equity investor focused on opportunities in the global transition toward a lower carbon economy
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The Engine Releases 2021 Tough Tech Landscape Report Detailing Record Venture Investment in Tough Tech
10.20.2021 Today, The Engine, the venture firm spun out of MIT that invests in early-stage Tough Tech companies solving the world’s most urgent problems, released its report, 2021 Tough Tech Landscape, with data provided by PitchBook, the premier data provider for the private and public equity markets. The data and analysis findings include details on Tough Tech venture deals and exits since the category’s 2016 inception, marking a 48.7% year-over-year increase in deal value from 2019 to 2020.
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Kytopen Raises $30M in Series A Funding
09.28.2021 Kytopen Raises $30M in Series A Funding, Led by Northpond Ventures, to Transform Non-Viral Delivery via the Flowfect Platform Financing will accelerate momentum toward unlocking the linearity between discovery and manufacturing to…
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Lilac Solutions Announces $150 Million Series B
09.22.2021 Lilac Solutions Announces $150 Million Series B to Scale Lithium Supply for the Electric Vehicle Era Lilac will use the new funds to ramp production of the company’s unique ion…
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The Engine Appoints MIT Institute Professor Paula Hammond to Its Board of Directors
09.14.2021 Today, The Engine announced the appointment of Paula Hammond to its Board of Directors. Hammond has been a leader at MIT and professor of chemical engineering for over 25 years and is currently the head of the MIT Department of Chemical Engineering and an MIT Institute Professor, the highest honor bestowed upon a faculty member at MIT.
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Quaise Raises $12 Million from Nabors Industries
08.3.2021 Quaise Inc., an energy company pioneering millimeter wave drilling technology to access deep geothermal energy, today announced that it has raised $12 million in financing from Nabors Industries, a leading provider of advanced technology for the global energy industry and one of the world’s largest land drilling companies.
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Form Energy Unveils Chemistry of Multi-day Storage Battery Technology
07.22.2021 Form Energy, Inc., a technology company rising to the challenge of climate change by developing a new class of cost-effective, multi-day energy storage systems, announced today the battery chemistry of its first commercial product and a $200 million Series D financing round led by ArcelorMittal’s XCarb™ innovation fund.
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IFC Partners with The Engine to Tackle Global Development Challenges with Tough Tech
06.30.2021 To help identify and scale innovative tech solutions for today's most pressing global challenges across emerging markets, IFC is partnering with The Engine, the venture capital firm founded by the…
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Emvolon Raises $1.5 Million Seed Funding to Evolve Distributed Chemical Production
05.3.2021 Emvolon, a technology company developing a platform for distributed chemical production from resources that otherwise would be wasted, today announced a $1.5 million seed investment led by The Engine.
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Mori Raises $16 Million in Series B Funding to Improve Global Food Supply
04.15.2021 Mori today announced $16 million in Series B financing, led by the Drawdown Fund. Previous investors, Acre Venture Partners, The Engine, Prelude Ventures, Refactor Capital, Closed Loop Partners as well as new investor Knollwood Investment Advisory, joined the round.
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Syzygy Plasmonics Raises $23 Million Series B to Electrify Chemical Manufacturing
04.06.2021 Syzygy Plasmonics, a technology company developing the world’s highest performance photocatalyst for the industrial gas, chemical and energy industries, today announced a $23 million Series B financing.
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BMW joins Boston Metal’s oversubscribed $60M Series B
03.12.2021 BMW Group invests in innovative method for CO2-free steel production
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VEIR Raises $10M Series A and Debuts New Approach to Electricity Transmission to Transform the Grid
03.04.2021 VEIR, a company developing a new approach to using High Temperature Superconductors (HTS) for electricity transmission, today announced $10 million in Series A financing and debuted a new architecture for high-voltage superconducting transmission lines to transform the grid.
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U.S. Space Force Awards Analytical Space $26.4 million Contract to Deploy “Fast Pixel” Space Data Transport Network
02.10.2021 Analytical Space announced today that it has been awarded a $26.4 million, three-year contract by the Department of the Air Force's commercial investment arm, with joint funding from the Space and Missile Systems Center and the Air Force Research Laboratory, as part of the Strategic Financing program.
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Boston Metal Expands Series B to Deliver Emissions-free Steel
02.09.2021 Boston Metal, the company delivering a future where steel production is emissions-free, today announced that Vale and Energy Impact Partners have joined its Series B fundraising, closely following a $50M close announced in January.
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Cellino Closes $16M Seed Financing Led by The Engine and Khosla Ventures
02.1.2021 The new funding will be used to automate and scale Cellino’s transformative AI-based personalized tissue and cell platform. Cellino is developing an automated process to generate autologous induced pluripotent stem cells (iPSCs) at scale.
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Boston Metal Raises $50 Million to Decarbonize Steelmaking
01.11.2021 Boston 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.
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The Routing Company Raises $5 Million in Seed Funding
12.15.2020 The 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.
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Zapata Computing Receives $38M in Series B Financing
11.19.2020 Funding will enable Zapata to scale research and product development in support of quantum readiness across industries.
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Lara Metcalf Joins The Engine as Chief Financial Officer and Chief Operating Officer
11.19.2020 Former Managing Director of The Social Entrepreneurs’ Fund brings impact investing, academic and financial expertise to the Tough Tech venture firm
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The Engine Raised $230M Toward its Fund II
10.27.2020 MIT Increases Commitment to The Engine, Makes Investment and Provides Space and Specialized Expertise to Support Entrepreneurs Tackling the World’s Most Urgent Challenges
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WoHo Raises $4.5 Million in Seed Funding, led by The Engine
10.22.2020 WoHo Raises $4.5 Million in Seed Funding, led by The Engine, to Transform the Design and Construction of Resilient Living and Working Spaces
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The Engine Appoints Susan E. Siegel as Chairman of its Board of Directors
10.02.2020 Today The Engine announced the appointment of Susan (Sue) E. Siegel as its new Chairman of the Board of Directors.
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Cambridge Crops Rebrands as Mori and Raises $12M in Series A Round
07.17.2020 Cambridge Crops Rebrands as Mori and Raises $12 Million in Series A Funding to Combat Food Waste
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The Engine invests in Quaise
06.08.2020 Quaise Launches with $6 Million to Unlock Earth’s Most Abundant Clean Energy Source
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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.
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The Engine invests in Biobot Analytics
04.21.2020 Biobot Analytics Raises $6.7 Million in Seed Funding to Transform Wastewater Infrastructure into Public Health Observatories
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The Engine invests in RISE Robotics
04.10.2020 RISE 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…
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The Engine invests in Lilac Solutions
02.19.2020 Lilac Solutions Raises $20 Million in Series A Funding to Transform Lithium Production Worldwide
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Tough Tech Summit 2019 – Videos & Recap
10.30.2019 500 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…
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The Engine invests in isee
11.11.2019 isee 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.
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The Engine & PitchBook Partner on 2019 Tough Tech Landscape Report
10.21.2019 The 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…
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The Engine expands, responding to a rapid growth of ‘Tough Tech’
08.27.2019 New 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,…
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The Engine invests in E25Bio
08.26.2019 E25Bio, 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.
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The Engine invests in Syzygy
08.19.2019 Syzygy 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.
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The Engine invests in Cambridge Crops
09.04.2019 Cambridge 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.
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The Engine invests in Vaxess Technologies
06.27.2019 Vaxess 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.
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Orin Hoffman joins The Engine as Venture Partner
04.01.2019 We’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…
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The Engine invests in Boston Metal
01.10.2019 Boston 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.”
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Investing in the Transformative Technology of Tomorrow, featuring Katie Rae
01.3.2019 Katie 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…
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Tough Tech Summit Keynotes | Video Playlist
11.21.2018 The 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…
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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…
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The Engine invests in quantum software startup Zapata Computing
05.17.2018 Quantum 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…
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Announcing Ann DeWitt as COO at The Engine
01.26.2018 We 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…
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The Engine Announces First-Ever Investments in Tough Tech Startups from $200 Million Fund
09.19.2017 First-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.
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The Engine closes its first fund for over $150 million
04.06.2017 Just months after its launch, MIT’s new startup accelerator The Engine yesterday closed its first investment fund for over $150 million.
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The Engine Info Session
03.1.2017 Watch The Engine info session.
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The Engine Info Session Q&A
03.1.2017 Watch the Q&A portion of the info session
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Accelerating Breakthrough Innovations
02.28.2017 Join us at an info session for founders to learn how you can make an impact as part of The Engine program.
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The Engine Webcast
10.26.2016 Watch The Engine’s October launch event.