The Engine

The Engine

Venture capital for Tough Tech startups

About

Engine.xyz focuses on helping Tough Tech companies, which are those developing breakthrough technologies that can significantly impact the world. The company provides essential support to founders by offering long-term capital, expertise, networking opportunities, and access to specialized labs and equipment. Engine.xyz operates within the venture capital sector, specifically targeting early-stage companies in underfunded areas like advanced materials, energy, robotics, and biotechnology. Unlike many venture capital firms, Engine.xyz emphasizes not just financial investment but also hands-on support to help these companies grow and succeed. The goal is to bridge the gap between discovery and commercialization, ensuring that innovative technologies can reach the market and make a difference.

Company Stage

Grant

Employees

11-50

Industries

Robotics & Automation, Venture Capital, Energy, Biotechnology

Total Funding

$3.8B

Headquarters

Cambridge, Massachusetts

Founded

2016


Simplify Jobs

Simplify's Take

What believers are saying

  • Collaboration with Activate enhances the pipeline of well-prepared Tough Tech entrepreneurs.
  • $8M funding for Droplet Biosciences highlights The Engine's role in biotech innovation.
  • NSF's $9.5M funding expands The Engine's influence in regional innovation ecosystems.

What critics are saying

  • Competition from accelerators like SOSV's Hax could dilute The Engine's market share.
  • Partnership with Waymaker Group may strain resources due to ambitious innovation goals.
  • Acquisition by Illva Saronno Holding S.p.A. might shift The Engine's strategic focus.

What makes The Engine unique

  • The Engine prioritizes breakthrough ideas over early profit, fostering innovation.
  • MIT's backing provides The Engine with credibility and extensive resources.
  • The Engine offers 'patient capital,' allowing startups to focus on long-term goals.

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Benefits

A mission-driven work environment and team, and the opportunity to work with world-class Tough Tech founders

Competitive compensation based on experience

Health, Dental, Vision Insurance

401k matching

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