It is crucial to diagnose blood cancer patients as early as possible, as there are few cures that exist and many existing treatments are highly toxic. Predicta Biosciences was founded at Blavatnik Harvard Life Lab Longwood by leading academic and clinical experts from Harvard Medical School and Massachusetts Institute of Technology, who are clinicians in multiple myeloma and cancer genomics spanning Dana-Farber Cancer Institute and the Broad Institute of MIT and Harvard. The Predicta team is building a platform that provides targeted information for diagnosis, treatment decisions and monitoring - providing patients with non-invasive tests to optimize treatment plans. Congratulations to Predicta on the $5.2M seed round. https://lnkd.in/eBdEt9tS
Engine Ventures
Venture Capital and Private Equity Principals
Cambridge, MA 18,957 followers
A venture firm that invests in early stage Tough Tech founders solving our most critical global challenges.
About us
A venture firm that invests in early stage Tough Tech founders solving our most critical global challenges.
- Website
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https://engineventures.com
External link for Engine Ventures
- Industry
- Venture Capital and Private Equity Principals
- Company size
- 11-50 employees
- Headquarters
- Cambridge, MA
- Type
- Partnership
- Founded
- 2017
Locations
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Primary
750 Main Street
Cambridge, MA 02139, US
Employees at Engine Ventures
Updates
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Thank you to Maria Gallucci at Canary Media Inc. for speaking with Katie Rae and our portfolio companies Boston Metal and Sublime Systems about The Engine Ventures Fund III news. Her coverage eloquently depicts how we’re succeeding in our mission to help fill the vast funding gap for Tough Tech companies, including those working to decarbonize heavy industries. As Tadeu Carneiro, CEO of Boston Metal puts it: “From the start, The Engine Ventures has recognized the importance of decarbonizing steelmaking and has been instrumental in helping us grow and scale our technology. Anyone who knows climatetech knows that Katie Rae is a real changemaker.” Leah Ellis of Sublime Systems agreed: “The Engine has played a pivotal role in building this needed capital base and ecosystem that supports companies like Sublime as we work towards swift and massive impact.” Check out the coverage: https://lnkd.in/e3Mri5aR
This MIT-backed fund wants to solve the toughest climate problems
canarymedia.com
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VEIR CEO and MIT alumnus Tim Heidel spoke with MIT News about his education + professional journey and the company’s mission to transform the power grid. “We can deploy much higher power levels at much lower voltage, and so we can deploy the same high power but with a footprint and visual impact that is far less intrusive, and therefore can overcome a lot of the public opposition as well as siting and permitting barriers,” Heidel says. https://lnkd.in/dvScGjCw
Tim Heidel, VEIR CEO and MIT alumnus (’05, SM ’06, SM ’09, PhD ’10) spoke with MIT News about the company’s mission to improve transmission for the power grid transformation. Over more than a decade at Massachusetts Institute of Technology, Heidel went from learning about the fundamentals of electrical engineering to studying the electric grid and the power sector more broadly. According to Heidel: “I got the energy bug and started to focus exclusively on energy and climate in graduate school.” Check out the story of his education and career highlights as well as VEIR’s milestones to date: https://lnkd.in/e3e24PEG
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Fusion energy is key to solving our current climate crisis and Commonwealth Fusion Systems is leading the way to ensure the industry pursues fusion in a responsible, measured way. Read CFS CEO Bob Mumgaard’s open letter to rally the ecosystem to build public trust and advance the commercialization of the science: https://lnkd.in/eSzHz5xA
Fusion energy is key to solving our current climate crisis. So it’s critical that the fusion industry works together to build public trust. To do that, we must standardize how we evaluate progress. Every fusion concept naturally passes milestones that show it has a viable source of fusion energy and it can commercialize that fusion energy. To help motivate our industry to work together toward this common good, I’ve detailed the standardized approach we use internally to track the ecosystem. Hopefully this is helpful to investors, press, regulators, and the public to use to evaluate real progress. Further, CFS commits to focusing on company milestone announcements that are: ✔ Easy to measure and interpret ✔ Peer reviewed, as the norm ✔ Shared and celebrated publicly ✔ Easy to understand The path to fusion is paved with extraordinary potential for climate and energy, and while we race against time to make fusion a reality we must also get it right. I urge my colleagues and peers to hold ourselves accountable to science, engineering, and commercial progress. A rising tide lifts all boats. Read my full open letter below and let me know what you think. https://lnkd.in/ejiwP3fz
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Lithium is a key component in electric vehicle batteries that is abundant but can be hard to process. This week, Lilac Solutions released a long-awaited white paper on its ion exchange technology for direct lithium extraction. Lilac’s technology combines higher lithium recoveries, rejection of impurities, longer cycle and higher throughput, increasing lithium extraction, and unlocking a wider range of resources. In fact, the technology can recover more than 90% of the lithium found in many brine formations, and it has cut the construction cost of its system by 50%. On the release of its 24-page white paper, CEO Raef Sully said: “With this technology, we’re not just improving lithium extraction efficiency; we’re also enhancing the sustainability and economic viability of lithium production.” Read more about Lilac’s technology milestone in Reuters: https://lnkd.in/e_cPavKB https://lnkd.in/eWGJx2c4
Lilac Solutions releases lithium extraction data amid rising competition
reuters.com
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Today, Foray Bioscience announced $3 million in seed funding. Congratulations to the team! Foray has developed an advanced plant cell culture platform that eliminates the need for conventional harvesting. Unlocking biomanufacturing for plant-based industries is essential to ensuring access to plant-sourced goods while protecting and restoring our natural ecosystems. https://lnkd.in/gBvQp7Gt
Foray Bioscience is breaking down the barriers of bringing biomanufacturing to plants | TechCrunch
https://techcrunch.com
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Today we are thrilled to announce the final closing and launch of The Engine Ventures’s Fund III. With $398M in fresh capital, our latest fund brings the firm’s total assets under management to more than $1 billion. With Fund III, we will continue to deploy across the brightest and most ambitious founders, scaling our investment model to help bridge the gap from discovery to commercialization for climate, human health, and advanced systems technology. More here: https://lnkd.in/eQddsdky https://lnkd.in/e4pwf6ZY
MIT Spinout The Engine Ventures Raises New $398 Million Fund To Tackle Tech’s Toughest Problems
social-www.forbes.com
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DBOS, Inc. is reimagining a secure, resilient operating system for the cloud computing era. On June 18th, DBOS co-founder Dr. Mike Stonebraker and a group of MIT & Stanford researchers are hosting a live webcast discussing how rethinking the cloud-native stack can dramatically increase developer productivity. Register here: https://lnkd.in/eJbq5YBw
DBOS co-founder Dr. Mike Stonebraker and a group of MIT/Stanford researchers have been re-thinking the cloud-native stack. Learn more in a live webcast June 18. Mike explains a new way to architect cloud-native systems. https://lnkd.in/eJbq5YBw Mike will cover: - Cloud architecture do's and don'ts - How to build resilient, distributed #microservices apps with 10x less code - Achieving transactional correctness in a distributed microservices architecture - An open source framework, DBOS Transact, that uses #Postgres as a state machine to automate resilience, time travel debugging, and observability - Benchmarks: DBOS Cloud stateful serverless platform efficiency vs. #AWS Lambda & Step Functions MIT Computer Science and Artificial Intelligence Laboratory (CSAIL)
Reinventing the Cloud-Native Stack - Increasing Developer Productivity 10x
dbos.dev
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Steel is a critical material in our infrastructure, but its production currently contributes to two billion tons of global CO2 emissions annually. Boston Metal presents a revolutionary approach: coal-free, emissions-free, and modular industrial steel production powered by electricity. This innovative method ensures steel is efficiently produced at reduced costs while emitting zero greenhouse gasses. Since spinning out of MIT in 2012, Boston Metal has seen incredible traction. Last week, it was named one of TIME's 100 Most Influential Companies. Congratulations to the team for this well-earned recognition. https://lnkd.in/gUiCX8Yc
TIME100 Most Influential Companies 2024: Boston Metal
time.com
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Congratulations to RISE™Robotics on their $15M raise. At a time where the demand for electrically powered heavy machines is rapidly increasing, this financing - along with over $11M in funding through commercial and defense projects - will enable RISE to further its mission of revolutionizing the way industries operate heavy machinery. https://lnkd.in/eH2M7Tt8
RISE™Robotics has successfully closed approximately $15 million in financing — RISE™Robotics
riserobotics.com