Engine Ventures

Congratulations Commonwealth Fusion Systems on naming Chesterfield County, Virginia, as the site for the first ARC power plant and in locking arms in a deal with Dominion Energy Fusion is one step closer to reality. #PowerMoves #FusionEnergy #ToughTech

Building on fifty years of legacy programming techniques, T-robotics is harnessing the power and flexibility of AI to develop revolutionary software that brings new capabilities to both robots and the humans who manage them. Today, the team announced it is a winner of the ABB AI Startup Challenge and the raise of a $5.4 million Seed round, co-led by Engine Ventures. Congratulations to Asad Tirmizi and team on this significant momentum.

Our co-founder and CEO Paul Le Floch represented Axoft at the 70th annual IEDM Conference in San Francisco, where he spoke about the need to develop novel, soft materials to improve the stability and performance of implantable brain-computer interfaces (iBCIs). His presentation included results on the long-term stability of soft neural interfaces and their ability to track single-neuron activity over multiple years in preclinical models, as illustrated in this video, and a newly published technical paper that outlined: - How current, state-of-the-art, thin-film electronics rely on rigid materials with limited biocompatibility, which hinders the design of scalable neural interfaces. - Why building high-density, chronically stable probes for tissue-wide neural interfaces is key for improving the efficacy of implantable BCIs, discovering neural biomarkers for diagnostics and developing patient-specific neuromodulation therapies. - How Axoft’s soft, biocompatible, high-performance dielectric materials are specifically designed to overcome the typical trade-off between bandwidth and stability in implantable neural interfaces. We’re proud to share more about the new class of materials Axoft is developing to overcome the long-standing limitations of BCIs – for both physicians and patients suffering from chronic neurological disorders. The full technical paper will soon be available on https://lnkd.in/ekyezCa. To learn more about our novel materials or to inquire about open development partnership opportunities, visit https://axoft.us/.

This morning, we published the inaugural State of On-Demand Transit Report – a first-of-its-kind analysis covering on-demand transit adoption trends, technologies, and innovations shaping the future of public transportation throughout 2024. Read the full announcement at https://lnkd.in/em4gYk99 As transit leaders navigate a rapidly changing world, this report provides an objective, data-driven snapshot of where on-demand transit stands today, and where it’s headed. Inside the report, we discuss: - Key trends driving the growth of on-demand transit (ODT) - Insights into ODT’s role in both urban centers and rural communities - Emerging innovations, including sustainability and data-driven decision-making - Real world case studies and community impact reviews The State of On-Demand Transit Report is designed to help decision-makers in transit, urban planning, and policy understand how flexible, scalable transit solutions can address today’s challenges and future-proof networks for the years ahead. Download it now at https://lnkd.in/eDeHUkp8, or comment "Report" and we'll send you a copy directly. #mobility #innovation #ondemand #ridesharing #transit

The conversations around decarbonizing heavy industry continue to build, especially with respect to first-of-a-kind (FOAK) deployments of emerging technologies. When Via delivered our FOAK system we prioritized: 1. Value creation - delivering energy/chemical savings and operational flexibility to the customer, with no green premium 2. Time - delivering the system as quickly, and safely, as possible 3. Scale - delivering a system of relevant scale that retires technology risk for the industry Via is excited to publish our results outlining the first 6 months of operations at this deployment, dubbed Project Kodiak. The Via system has operated safely and reliably at this customer site while showcasing a 76% reduction in energy demand compared to the incumbent process. Dive into our system performance here: https://lnkd.in/ejW_pEH3 #FOAK #industrialdecarbonization

If you're curious to know how biomanufacturing and AI can amplify reforestation impact and address the global seed deficit, check our feature in Forbes by John Werner. Restoration is key to maintaining global forest cover and biodiversity, but today, a lack of appropriate seed renders most planting efforts ineffective. Our team is excited to be advancing bio-powered technologies that can scale to protect and restore forest resources. https://lnkd.in/efHGSvKv #Biomanufacturing #ClimateResilience #Reforestation #ForayBioscience #Seed #AI

✍ EVOLOH is pleased to announce the signature of a supply agreement of 500MW with a large US-based renewable energy developer. The capacity will be delivered from our Lowell, MA Manufacturing Center of Excellence. "This agreement is a recognition of the tremendous benefits of EVOLOH's electrolyzer technology and manufacturing process, and comes on top of more than sixteen gigawatts (16 GW) of signed intent for supply of Nautilus stacks and modules" said Dr Jimmy Rojas. 👉 Link here for the full PR: https://lnkd.in/gwQunSRu 👉 Reach out to learn more about EVOLOH and our technology.

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!