Massachusetts Institute of Technology (MIT)
Funding History
Round Size Investors Date
US$150m Not Disclosed 28 Oct 2016

Latest Editorial9

MIT Launches USD150m For VC Fund

MIT has launched The Engine, a new USD150m VC fund designed to back startups working on scientific and technological innovation. 

Read More28 Oct 16
Hoovers Will Lead The Robot Revolution

Fear not, mortals. It seems the uprising of our robot overlords will be led, not by super-advanced machines that will enslave the human race, but by hoovers. In the short term at least. If a new report from Juniper predicting that over one in 10 US...

Read More15 Dec 15
Toyota To Invest USD50m In Connected Cars

Toyota is investing USD50m in MIT and Stanford University over the next five years for research and development in self-driving cars.

Read More08 Sep 15
What Toyota’s New Partnerships Say About The State Of Connected Cars

If the connected car is being heralded as the future of automobiles, then it's looking increasingly like collaboration between automobile companies, tech companies and academics will drive innovation. Toyota just brought on board Dr. Gill Pratt of...

Read More07 Sep 15
Motion tech firm 3dim Tech bags USD100,000

Motion detector firm 3dim Tech has bagged USD100,000 after winning the Massachusetts Institute of Technology's business plan competition. 3dim Tech is attempting to make gestural interaction-led controls the norm for users of devices such as smartphones,...

Read More21 May 13
RFID developer firm, ThingMagic, raises USD9.5m

RFID developer firm, ThingMagic, has raised USD9.5m in Series B funding from Tudor Ventures, The Exxel Group, Morningside Technology Ventures and .406 Ventures. The company previously raised USD21m in Series A funding from Cisco Systems, Massachusetts...

Read More14 Jul 08
Veodia raises USD8.3m from Clearstone and angels for video streaming

Video-streaming service provider Veodia has won USD8.3m from Clearstone Venture Partners, the DE Shaw Group and a group of angel investors led by iParadigms chairman Steven Berger. The firm says it will use the capital to expand its staff and further...

Read More13 May 08
Nigeria buys into $100 laptop concept

Read More24 Jul 06
Bill Gates mocks MIT's & Google's $100 laptop project for developing countries

Microsoft has downplayed the attempt to make a $100 laptop for developing countries with Google’s support. The $100 laptop project, which is being made at the Massachusetts Institute of Technology, will seek to provide low cost computers to people in...

Read More16 Mar 06