advanced tech
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A $150 million fund, The Engine, will back startups others find ‘too hard’
A fund and accelerator for advanced technology startups, The Engine, closed its debut fund at a robust $150 million this week, according to its president, CEO and managing partner, Katie Rae. Last year, TechCrunch reported that MIT was investing $25 million into The Engine, becoming the anchor LP for the fund. Read More
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Lux Capital closes $400 million fund to back startups “inventing the future”
Lux Capital’s portfolio companies sound like they ripped their product concepts from the pages of science fiction. Among these are self-driving car startup Zoox, a company gathering oceanographic data from fleets of autonomously operating boats called Saildrone, Desktop Metal whose 3-D printers that can make objects out of alloys on the spot, and 3Scan, a startup that makes detailed… Read More
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