Engine Ventures

We couldn’t be prouder to see this year’s Tough Tech Summit captured beautifully in the recap video. A huge thank you to everyone who joined us in celebrating The Art of the Possible. Your energy and ideas are what make this community so extraordinary. Here’s to a holiday season filled with gratitude and possibility. Let’s keep building the future together!

We're pleased to announce that Mantel and Terragia Biofuel have been nominated for the 12th Annual New England Venture Capital Association Nevy Awards. We’re thrilled for our portfolio to be recognized with the other companies and breakthroughs of New England that are reshaping industries and driving the innovation economy forward. Give the full announcement a read here: https://lnkd.in/eBAGuRC7

Just back from the Forbes CIO Summit in NYC, where our Managing Partner, Katie Rae, joined a panel discussing the next revolution in information technology—from quantum computing to photonics, AI chips, and cellular signals from space. The conversation, moderated by Alex Knapp of Forbes, highlighted how these transformative technologies are reshaping the IT industry and redefining what’s possible. At The Engine Ventures, we’re proud to support portfolio companies pioneering breakthrough innovations that are transforming how we compute, communicate, and interact with technology.  To call out a few: DBOS, Inc. reimagines computation by orchestrating distributed components into a unified, massive “brain”—optimizing resources, cutting latency, and enhancing security. Celestial AI enables the rapid transfer of data at the speed of light, reducing bottlenecks and accelerating AI model training. Atlantic Quantum is integrating quantum processing units with traditional CPUs and GPUs, opening the door to solving previously impossible challenges in computation. These companies and others are building the backbone of the next decade’s IT revolution, and we’re excited to see how they integrate. Kudos to Forbes for convening a dynamic conversation!

The Routing Company (TRC) has gained significant momentum this fall. Just last week, they announced that over 2 million passengers have used Pingo—a tool that provides all riders with convenient transit access—across five countries. In September, TRC signed one of the largest on-demand transit deals of the year with New York's RTS - Regional Transit Service, kicking off a five-year 132 vehicle partnership for on-demand service. To learn more about the company, join the Pingo Analytics webinar on Thursday November 21. This webinar will provide actionable insights into fleet optimization, demand forecasting, and reliability improvements through real-time data. Register now at https://lnkd.in/eTADGEHn.

Following Emvolon’s announcement of significant partnerships and a licensing agreement with MIT, CEO Emmanuel Kasseris, PhD discussed the company’s journey with MIT News' Zach Winn. The article details Emvolon’s evolution from spinning out of an MIT Lab to today, producing up to six barrels of green methanol a day in its 5,000 square-foot headquarters in Woburn, Massachusetts. Check out the article here: https://lnkd.in/ep3vhjtr

Great article this weekend in The New York Times from Raymond Zhong. Zhong shares a look at where fusion companies are on their quest to deliver zero-carbon energy including the commercial leader, Commonwealth Fusion Systems, an Engine Ventures portfolio company. The piece takes a look at Commonwealth’s new Massachusetts facility, and shares the latest milestones for their SPARC and ARC machines. Check out the article here: https://lnkd.in/gNAwrjzQ

Last week was a productive one for our portfolio: Copernic Catalysts raised $8 million in seed funding to to scale its ammonia synthesis catalyst and to expand its exclusive research partnership with Schrödinger Sora Fuel signed a Technology Cooperation Agreement with Emerging Fuels Technology, aimed at accelerating the development and scale of sustainable aviation fuel Emvolon secured partnerships with major biogas suppliers, green methanol product offtakers, equipment and technology corporations, and a licensing agreement with MIT Congratulations to the teams at Copernic, Sora and Emvolon.

We had a packed house Tuesday night! We invited local innovators to The Engine for spirits and spirited discussion on the technological waves of the energy transition, the evolving entrepreneurial journey, and the implications of the recent US election. Thank you to our speakers -- founders Kristin Brief and Patrick Sarver, and Engine Ventures team members Lisa Hansmann and Reed Sturtevant for an enlightening evening at the intersection of climate tech, energy innovation, and entrepreneurship. Stay tuned for the full video

Innovating For Energy Abundance: November 12, 2024, 5-7PM. Join us for an evening of drinks, discussion, and insight into accelerating the journey toward energy abundance. This event will feature perspectives from Engine Ventures’ latest publication, “From Constraint to Abundance: Charting an Innovation Agenda for the Energy Transition,” highlighting the current state of energy innovation and emerging priorities. See more and register here: https://lu.ma/2ahcw665

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