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Venture Capital
FINANCIAL | Investment Firms & Funds
engine.xyz

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Investments

56

Funds

3

Partners & Customers

2

About The Engine

The Engine, built by MIT, is a venture firm that invests in early-stage companies solving problems through the convergence of science, engineering, and leadership. The mission is to accelerate the path to market for tough tech companies through access to a combination of investment, infrastructure, and a vibrant ecosystem.

The Engine Headquarter Location

501 Massachusetts Avenue

Cambridge, Massachusetts, 02139,

United States

617-699-8905

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The Engine Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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The Engine Rank

Research containing The Engine

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned The Engine in 1 CB Insights research brief, most recently on Sep 20, 2021.

Latest The Engine News

Continual Engine and Pearson Earn Brandon Hall Gold Award for Tech Advancements in Serving Learners with Disabilities

Jan 25, 2022

January 25, 2022 02:04 PM Eastern Standard Time DALLAS--( BUSINESS WIRE )--Continual Engine is thrilled to announce that our work with Pearson using breakthrough artificial intelligence (AI) technology for learners with disabilities earned a Gold award from the leading Human Capital Management firm, Brandon Hall Group. The Brandon Hall ‘Best Advance in Diversity and Inclusion Innovation’ award acknowledges the innovation and impact of Continual Engine’s image accessibility solution Invicta™ that Pearson has started applying to higher education ebooks and other products in STEM and business disciplines. Pearson is applying the technology to provide alternate format text descriptions for learners with disabilities to interpret complicated visual images, charts, graphs, and equations. Continual Engine is driven by its mission to improve the quality, accessibility, and affordability of education through artificial intelligence-powered Learning Process Automation. “We thank the Brandon Hall Group for highlighting accessibility in education, and we are proud to work with Continual Engine to improve learning experiences for people with disabilities,” stated AnnMarie Dittell, Accessibility and Compliance Manager, Pearson. “We will continue applying this technology and other tools as we work to create learning products that are equitable and inclusive for all learners.” The award validates the contribution of the product Invicta™ in the field of digital accessibility and inclusive content. Invicta™ is setting new standards by automating the process of producing alternate text (alt text) for images, equations, graphs, and tables in science, technology, engineering, and math (STEM), as well as accounting and other disciplines. The product leverages advanced AI techniques such as deep learning and computer vision to achieve excellence in quality and accuracy. About Continual Engine: Continual Engine is a leading digital accessibility and eLearning solutions provider, leveraging advanced artificial intelligence (AI) technology. Utilizing proprietary machine learning algorithms, the company enables superior learning experiences for technology-based companies, publishers, educational institutions, and content providers. For more information, visit https://www.continualengine.com/ . About Pearson: Pearson is the world’s leading learning company with more than 22,500 employees operating in 70 countries. Pearson provides content, assessment and digital services to learners, educational institutions, employers, governments, and other partners globally. They are committed to helping equip learners with the skills they need to enhance their employability prospects and to succeed in the changing world of work. For more information, visit https://www.pearson.com/ About Brandon Hall Group: Brandon Hall Group operates the largest and longest running awards program in Human Capital Management. As an independent HCM research and analyst firm they conduct studies in Learning and Development, Talent Management, Leadership Development, Diversity, Equity & Inclusion, Talent Acquisition and HR/Workforce Management. These benchmark studies help organizations by providing strategic insights for executives and practitioners responsible for growth and business results. Coupling the research studies with the best practices from the awards, Brandon Hall Group has helped more than 10,000 clients globally and has more than 28 years of delivering world-class research and advisory services. At the core of our offerings is a membership program that combines research, benchmarking and unlimited access to data and analysts. Membership enables executives and practitioners to make the right decisions about people, processes, and systems, coalesced with analyst advisory services which aim to put the research into action in a way that is practical and efficient. Brandon Hall Group has also launched professional certifications for business and human capital management professionals to upskill themselves and gain credentials for career advancement. ( www.brandonhall.com ). Contacts

The Engine Investments

56 Investments

The Engine has made 56 investments. Their latest investment was in Cellino as part of their Series A on January 1, 2022.

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The Engine Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/25/2022

Series A

Cellino

$80M

No

8VC, Felicis, Humboldt Fund, Khosla Ventures, Leaps by Bayer, and Undisclosed Investors

6

1/6/2022

Series A

Lucy Therapeutics

$15.04M

Yes

1

1/5/2022

Series A

Resonant Link

$9.25M

Yes

1

12/15/2021

Series A

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$99M

Subscribe to see more

10

12/1/2021

Series B

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$99M

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10

Date

1/25/2022

1/6/2022

1/5/2022

12/15/2021

12/1/2021

Round

Series A

Series A

Series A

Series A

Series B

Company

Cellino

Lucy Therapeutics

Resonant Link

Subscribe to see more

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Amount

$80M

$15.04M

$9.25M

$99M

$99M

New?

No

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

8VC, Felicis, Humboldt Fund, Khosla Ventures, Leaps by Bayer, and Undisclosed Investors

Sources

6

1

1

10

10

The Engine Fund History

3 Fund Histories

The Engine has 3 funds, including Engine Fund I SPV-A.

Closing Date

Fund

Fund Type

Status

Amount

Sources

11/25/2020

Engine Fund I SPV-A

$9.85M

1

10/27/2020

Engine Fund II

$99M

10

9/19/2017

Engine Accelerator Fund I

$99M

10

Closing Date

11/25/2020

10/27/2020

9/19/2017

Fund

Engine Fund I SPV-A

Engine Fund II

Engine Accelerator Fund I

Fund Type

Status

Amount

$9.85M

$99M

$99M

Sources

1

10

10

The Engine Partners & Customers

2 Partners and customers

The Engine has 2 strategic partners and customers. The Engine recently partnered with International Finance Corporation on June 6, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

6/30/2021

Partner

International Finance Corporation

United States

IFC Partners with The Engine to Tackle Global Development Challenges with Tough Tech - The Engine

To help identify and scale innovative tech solutions for today 's most pressing global challenges across emerging markets , IFC is partnering with The Engine , the venture capital firm founded by the Massachusetts Institute of Technology .

1

10/28/2019

Partner

PitchBook Data

United States

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10

Date

6/30/2021

10/28/2019

Type

Partner

Partner

Business Partner

International Finance Corporation

PitchBook Data

Country

United States

United States

News Snippet

IFC Partners with The Engine to Tackle Global Development Challenges with Tough Tech - The Engine

To help identify and scale innovative tech solutions for today 's most pressing global challenges across emerging markets , IFC is partnering with The Engine , the venture capital firm founded by the Massachusetts Institute of Technology .

Subscribe to see more

Subscribe to see more

Sources

1

10

The Engine Team

2 Team Members

The Engine has 2 team members, including current General Partner, Ann DeWitt.

Name

Work History

Title

Status

Ann DeWitt

Sanofi, Springboard Enterprises, Flagship Pioneering, University of Minnesota, and 3M

General Partner

Current

Reed Sturtevant

Project 11 Ventures, Techstars, Massachusetts Institute of Technology, Microsoft, Eons, Idealab, RadioAMP, Lotus Development Corporation, and Graphic Communications

General Partner

Former

Name

Ann DeWitt

Reed Sturtevant

Work History

Sanofi, Springboard Enterprises, Flagship Pioneering, University of Minnesota, and 3M

Project 11 Ventures, Techstars, Massachusetts Institute of Technology, Microsoft, Eons, Idealab, RadioAMP, Lotus Development Corporation, and Graphic Communications

Title

General Partner

General Partner

Status

Current

Former

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