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MIT’s The Engine raises $200M to fund ‘tough tech’

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Roy Shannon
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If you think that too many VCs these days are playing it safe and only looking to back sure bets rather than moonshots and more ambitious ventures, take a look over at what’s going on in Boston.

The Engine, based out of MIT and Cambridge, has raised a $200 million fund to back and help incubate startups working on “tough tech” — new challenges in areas like aerospace, advanced materials, biotech, genetic engineering and renewable energy.

In addition to the new fund, The Engine is announcing its first seven investments:

Analytical Space: systems that provide no-delay, high-speed data from space, to address global challenges such as precision agriculture, climate monitoring, and city planning.

C2Sense: a digital olfactory sensor for industrial use cases such as food, agriculture, and worker safety, and transforming smell into real-time data that can be accessed remotely.

iSee, delivering the next generation of humanistic artificial intelligence technology for human and robotic collaborations, including autonomous vehicles.

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