Top Stories
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Can Venture Capital Make America Do Tough Things Again?
10.28.2019Greentech Media Katie Rae discusses venture capital and tackling the toughest technologies on this episode of the Interchange podcast.
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Crunchbase Q&A with Katie Rae
10.28.2019Crunchbase News Crunchbase News chats with The Engine’s Katie Rae on what’s next for investments and Tough Tech innovation.
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Why this venture capitalist Is tackling ‘Tough Tech’
01.10.2019Fortune Magazine “Venture capitalist Katie Rae is trying to prove that “Tough Tech” is worth the tough work.”
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Air Force selects Analytical Space for $3m award
11.13.2019Space News Congratulations to portfolio company, Analytical Space — selected for the $3 million award at Air Force Space Pitch Day!
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Syzygy Plasmonics & Via Separations: 2019 Startups to Watch
11.11.2019Chemical & Engineering News Congrats to portfolio companies Syzygy Plasmonics and Via Separations — recognized as 2019 “10 Startups to Watch” by Chemical & Engineering News Magazine!
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isee: first self-driving truck investment for Founders Fund
11.11.2019Business Insider isee raises $15M Series A led by Founders Fund with participation from existing investors including The Engine.
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Boston is third in the U.S. when it comes to raising capital
11.7.2019Inc. Magazine The November issue of Inc. Magazine includes The Engine & Katie Rae in its profile of Boston’s thriving tech ecosystem.
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Can Venture Capital Make America Do Tough Things Again?
10.28.2019Greentech Media Katie Rae discusses venture capital and tackling the toughest technologies on this episode of the Interchange podcast.
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Crunchbase Q&A with Katie Rae
10.28.2019Crunchbase News Crunchbase News chats with The Engine’s Katie Rae on what’s next for investments and Tough Tech innovation.
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Nature Outlook reports on Radix Labs
09.25.2019Nature Radix’s tech aims to free biologists from worrying about the details of the machines in their labs and how they execute an experiment.
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Form Energy wins BostInno 50 On Fire award
09.23.2019BostInno Congrats to Form Energy on BostInno’s 50 On Fire award.
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TIME features Commonwealth Fusion Systems
09.18.2019TIME Commonwealth Fusion Systems’ new superconducting materials to build a fusion power plant has the potential to revolutionize electricity, writes TIME.
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Vaxess Technologies wins 2019 Xconomy Award
09.13.2019Xconomy Congrats to Vaxess Technologies for taking top spot in the “Innovation at the Intersection” category at the 2019 Xconomy Awards. C
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Press release: E25Bio raises $2.3m
08.26.2019E25Bio E25Bio is pioneering a rapid diagnostic technology that can detect mosquito-borne illnesses in minutes instead of weeks.
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Form Energy closes $40M Series B
08.22.2019Form Energy Form Energy is developing and commercializing ultra-low-cost, long-duration energy storage systems.
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Syzygy Plasmonics raises nearly $6m to produce cleaner hydrogen
08.19.2019MIT Technology Review Investigating how light-harvesting nanoparticles like those used by Syzygy could curb climate emissions.
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Press release: Syzygy Plasmonics raises $5.8m
08.19.2019Syzygy Syzygy is creating a new photocatalytic chemical reactor powered by light from renewable electricity instead of heat from burning fuel.
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Press release: Cambridge Crops raises $4m in seed funding
08.9.2019Cambridge Crops 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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Axios Pro Rata: Commonwealth Fusion Systems
06.28.2019Axios Axios discusses Commonwealth Fusion Systems’ $115 million Series A funding.
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Fortune: Vaxess Technologies closes Series A
06.28.2019Fortune Vaxess Technologies closed its $8.2 million Series A round. The Engine led the round.
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Cambridge fusion energy startup completes $115 million funding round
06.28.2019Boston Globe CFS said the funding will allow it to demonstrate its high-temperature superconducting magnets by 2021 and a power plant prototype by 2025.
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Vaxess Technologies lays out its path to the clinic
06.27.2019Boston Business Journal Vaxess Technologies chats with Boston Business Journal about its Series A and its partnerships ahead of the first clinical trials.
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Press release: Vaxess Technologies closes final tranche of $8.2m series A
06.27.2019Vaxess Vaxess Technologies today announced it has closed the final tranche of an $8.2 million Series A round. Led by The Engine.
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A Boston startup developing a fusion reactor just got a roughly $50m boost
06.27.2019TechCrunch Commonwealth Fusion Systems raises $115 Million and closes Series A round to commercialize fusion energy
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Kytopen raises $3.6m
05.28.2019Fortune Kytopen, a startup accelerating the discovery and manufacturing of cell therapies, announced it has raised $3.6m in seed financing.
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Zapata Computing raises $21m
04.30.2019Forbes Zapata Computing raises $21 million to bring quantum computing to enterprise applications.
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Fusion power startups go small to bring commercial reactors to life
04.27.2019NBC News Mach NBC News interviews Commonwealth Fusion Systems.
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AI’s many challenges must be thoughtfully addressed
03.17.2019VentureBeat Education will play a foundational role in shaping the next two decades in computing and AI research, says The Engine’s Katie Rae.
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Via Separations raises $4.8m round
03.15.2019Xconomy Via Separations, a startup developing energy-efficient filtration technology, has raised $4.8 million in a Series A funding round.
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3 women-led Boston venture capital firms to know
03.12.2019Built in Boston What’s one misconception about women VCs that Rae wants to clear up? “That there are no women VCs,” she said in an interview with Built In Boston.
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Fast Co’s World’s Most Innovative Companies of ’19: Analytical Space
02.20.2019Fast Company Congratulations to Analytical Space - recognized by Fast Company as one of the World’s Most Innovative Companies of 2019!
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Why this venture capitalist Is tackling ‘Tough Tech’
01.10.2019Fortune Magazine “Venture capitalist Katie Rae is trying to prove that “Tough Tech” is worth the tough work.”
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Boston Metal raises $20m Series A
01.9.2019Fortune “A critical piece to achieving a carbon-free world is the decarbonization of steel production,” said Katie Rae, managing partner and CEO of The Engine.
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Forbes 30 Under 30 (2019): Marinna Madrid, Nabiha Saklayen, Stan Wang
11.11.2018Forbes Stan Wang, a physician-scientist, and two physicists, Nabiha Saklayen and Marinna Madrid, teamed up in 2017 to start Cellino, a portfolio company.
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NYTimes interviews Zapata Computing
10.21.2018New York Times The New York Times interviews portfolio company Zapata Computing about tech talent for quantum computing.
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Google partners with Zapata on open-source quantum computing
07.19.2018MIT Technology Review Zapata is one of the first users of Google’s new open-source software framework for quantum computing.
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VCs are changing term sheets to include provisions on ICOs
07.17.2018Fortune At Fortune Brainstorm Tech, The Engine Katie Rae discussed investment trends and the future of Tough Tech.
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Cambridge startup launches satellite from Int’l Space Station
07.16.2018Boston Business Journal Boston Business Journal on how Analytical Space is building the “Cisco of space.”
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Press release: Analytical Space deploys first satellite from ISS
07.13.2018Analytical Space Congratulations to the team at Analytical Space on the successful launch of their first satellite from the International Space Station!
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MIT Technology Review’s 35 Innovators Under 35
06.27.2018MIT Technology Review Congrats to founders Shreya Dave (Via Separations), Nabiha Saklayen (Cellino Biotech), and William Woodford (Form Energy) — named as world’s top “Innovators Under 35” by MIT Tech Review.
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Press release: Zapata Computing launches out of Harvard
05.17.2018BusinessWire Zapata Computing is advancing breakthroughs in computational power for applications on quantum computers.
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World’s first quantum software superstore—or so it hopes—is here
05.17.2018MIT Tech Review Zapata Computing could end up with a bird’s-eye view of how applications perform on quantum computers, giving it a big advantage in the market.
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‘Tough Tech’ jobs address the world’s biggest problems
03.9.2018Squawk Box CNBC Katie Rae is featured on CNBC's Squawk Box, "We are shooting to create very large companies."
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Investing in tech that’s worth the wait
03.8.2018MIT Tech Review Innovations in fields like energy and transportation often take time—and extra support—to develop. The Engine at MIT is helping them make the leap from the lab to the marketplace.
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The second coming of ultrasound
01.22.2018Wired “We’ve done small molecules, we’ve done biologics, we’ve tried DNA, naked RNA, we’ve even tried Crispr,” he says. “As superficial as it may sound, it all just works.” Carl Schoellhammer, Founder SuonoBio
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MIT launches new venture for world-changing entrepreneurs
11.22.2017MIT News The Engine will provide funding, space, and expertise—powering a network of innovation networks.
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Profile: Brent Keller, cofounder, Via Separations
11.14.2017Forbes Keller is cofounder and CTO of Via Separations, which develops membrane materials for separation processes.
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This startup plans to use renewable energy to replace fossil fuels
10.19.2017Inc Baseload Renewables has an ambitious goal: use renewable energy to replace fossil fuels as baseload electric power.
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Serial battery entrepreneur’s new venture tackles clean energy
10.4.2017MIT Technology Review MIT’s Yet-Ming Chiang has launched a flow battery startup aimed at making renewable energy competitive with fossil fuels.
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Forget old batteries. Here comes the energy storage revolution
09.28.2017Wired Energy demands from developing countries are going to grow by about 10% between now and 2040. By that year, they will be using 65% of the world’s total energy supply.
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Discover the future of science at The Under 30 Summit in Boston
09.28.2017Forbes Working in a lab is all well and good. What happens when you need to raise money? We sit down with some of the hottest young entrepreneurs in biotech and health tech.
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Meet 3 Boston women helping close the gender gap in investing
09.27.2017BuiltIn Boston Katie Rae is CEO and managing partner at The Engine, a venture fund and incubator that focuses on “Tough Tech.”
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MIT’s “Innovation Orchard” is investing $200m in Tough Tech startups
09.22.2017Futurism The Engine has announced plans to invest $200m into seven startups. These companies focus on "Tough Tech" areas, including aerospace, biotech, renewable energy, and genetic engineering.
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CNBC: Top VC deals this week
09.22.2017CNBC The Engine, a venture firm founded at MIT, announced that its debut fund has expanded to a total of $200 million.
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The Engine accelerates to $200m
09.21.2017Global University Venturing The Engine, a US-based program initiated by Massachusetts Institute of Technology (MIT) aimed at complex technologies, has raised $200m for its first fund.
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The Engine reveals first 7 investments
09.20.2017BuiltIn Boston The Engine announced the first seven companies in its program this week, launching its unique investing experiment in “Tough Tech."
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The Engine raises $200m to fund “Tough Tech”
09.20.2017BW Disrupt If you think that too many VCs these days are playing it safe and only looking to back sure bets rather than moonshots and more ambitious ventures.
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The Engine, now with $200m, makes first bets: 3 takeaways
09.20.2017Xconomy The Engine announced its first batch of seven investments on Tuesday, and revealed that it has raised $200 million, with plans to back 40 to 50 Tough Tech companies over the next few years.
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The Engine announces first investments in seven startups
09.20.2017Techmeme The Engine, founded by MIT in 2016 to focus on tough tech innovations, today announced its investments in seven startups developing breakthrough scientific and technological innovations.
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Finally, a driverless car with some common sense
09.20.2017MIT Technology Review Boston’s notoriously unfriendly drivers and chaotic roads may be the perfect testing ground for a fundamentally different kind of self-driving car.
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The Engine announces investments, $200m fund
09.20.2017peHUB The Engine announced its first batch of seven investments and revealed that it has closed on $200 million for its first fund, 33 percent more than the $150 million it said it initially raised.
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The Engine selects its first seven startups to fund
09.20.2017The Tech The Engine, an incubator and science and technology start-up accelerator founded last year by MIT, released Tuesday the names of the first seven companies it will invest in. The startups work in a broad range of fields, from biotechnology to renewable energy.
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Fortune Data Sheet: The Engine
09.20.2017Fortune VCs are investing in startups where the future return looks pretty good. That potentially leaves out the development of important technologies from the view of our society, however.
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Bloomberg Baystate business hour: The Fed + The Engine
09.20.2017Bloomberg Radio The C-Suite: Katie Rae, President and CEO of The Engine on raising $200m from investors and using the fund to finance its first seven companies.
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The Engine raises $200m to fund Tough Tech
09.19.2017Yahoo If you think that too many VCs these days are playing it safe and only looking to back sure bets rather than moonshots and more ambitious ventures, take a look over at what's going on in Boston.
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With $200m, The Engine makes its first investments
09.19.2017WBUR The MIT-powered investment fund and venture firm The Engine is up and running, with its first seven investments in startups ranging from aerospace to genetic engineering.
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The Engine raises $200m to fund Tough Tech
09.19.2017TechCrunch If you think that too many VCs these days are playing it safe and only looking to back sure bets rather than moonshots and more ambitious ventures, take a look over at what’s going on in Boston.
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Developing a tough technology? This investor is interested
09.19.2017MIT Technology Review There’s often a disconnect between the pace at which investors want to recoup their money and the long lead time that tech companies in sectors like biotech and energy need to generate consistent revenue.
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The Engine invests in 7 startups in energy, space and smell
09.19.2017Forbes The Engine has opened its doors — and has announced its initial seven investments in areas ranging from alternative energy to space communications.
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Kytopen helps bioengineering happen 10,000x faster
09.19.2017Fast Company When researchers genetically engineer bacteria or yeast to solve a problem, one of the first steps can be the hardest: getting new DNA into a cell.
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A company that wants to use ultrasounds to deliver drugs just raised money from MIT’s new $200 million venture fund
09.19.2017Business Insider A company that's come up with a way to deliver drugs using ultrasounds just became the first biotech to get funding from MIT's new $200 million* venture fund.
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7 startups given MIT funds for tech ideas
09.19.2017Boston Herald Seven startups scored investments from an MIT initiative meant to secure funding for “breakthrough ideas” to develop technology in areas such as artificial intelligence, renewable energy and data obtained from outer space.
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The Engine raises $200m
09.19.2017Boston Globe The Boston Globe talks to the founders of The Engine's first group of portfolio companies.
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The Engine names first investments, grows fund
09.19.2017Boston Business Journal The Engine on Tuesday announced the first seven companies in its program, kicking off an ambitious experiment in patient investing.
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First 7 Tough Tech startups in The Engine’s $200m fund
09.19.2017BostInno MIT’s grand experiment in high-tech startup investing has officially begun.
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The Engine backs startups in biotech and energy
09.19.2017Bloomberg A venture fund started by the Massachusetts Institute of Technology called The Engine has financed its first seven companies after raising $200m from investors.
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The Engine drives tech startups to market
09.19.2017American Business Journal A VC fund backed by MIT has raised $200m to support startup tech that can be a tough sell to investors — projects that traditional VC firms consider too risky.
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The Engine names Katie Rae as president and CEO
02.13.2017MIT News The Engine today named Katie Rae, a veteran tech innovator, entrepreneur, and investor, as its president and CEO and as managing partner of its first investment fund.
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Revving up The Engine for global change
10.28.2016MIT News “At MIT, it is our duty to bring transformative innovation to the world,” President Reif said at launch event for new enterprise.
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New MIT innovation hub takes on world’s biggest challenges
10.26.2016Boston Globe Read President L. Rafael Reif’s op-ed in the Boston Globe introducing The Engine.