Startups

Cofounded by postdoctoral associate Wen Shuhao and postdoctoral fellows Ma Jian and Lai Lipeng, biotech startup Xtalpi "combines AI, quantum physics, cloud computing and robotic automation to find novel molecules that could be developed into new medicines,” reports Zinnia Lee for Forbes. “Xtalpi has also recently expanded into discovering new chemical compounds for applications such as agriculture, cosmetics, healthcare, as well as petrochemicals and new materials for electric vehicle batteries,” writes Lee.

Prof. Bob Langer and Prof. Giovanni Traverso have co-founded Syntis Bio, a biotech company that will use technology to “coat the stomach and potentially other organ surfaces, [change] the way that drugs are absorbed or, in the case of obesity, which hormones are triggered,” reports Allison DeAngelis for STAT. 

MIT startup, 24M, has designed an EV battery with a range of 1,000 miles on a single charge, reports Adele Peters for Fast Company. “The extra-long range also can help the car’s battery last much longer,” explains Peters. “If you use a rapid charger to fully charge a battery, it can damage the battery, meaning it won’t last as long. Because it has such a long range, the new battery should rarely need a full rapid charge.”

Tomás Vega SM '19 is CEO and co-founder of Augmental, a startup helping people with movement impairments interact with their computer devices, reports Popular Science’s Andrew Paul. Seeking to overcome the limitations of most brain-computer interfaces, the company’s first product is the MouthPad, leveraging the tongue muscles.“Our hope is to create an interface that is multimodal, so you can choose what works for you,” said Vega. “We want to be accommodating to every condition.”

Boston Globe reporter Janelle Nanos visits The Engine Accelerator to learn more about their focus on providing tough tech startups with lab spaces and equipment. “We created this sort of ecosystem with support resources,” says Knight of the inspiration for the Engine Accelerator. “Where we are today was born out of those early needs, interviewing all these scientists and technologists, that were willing to work in a shared faculty but had different needs than existed.” 

TechCrunch’s Tim De Chant has a look at MIT spinoff SiTration, which has developed a new process to reat mining wastewater and filter our critical minerals using silicon. “SiTration’s filters are built on the same style of wafers that are used to make computer chips and solar panels, though using a cheaper grade of silicon,” De Chant explains.

Forbes reporter Michael Bernick spotlights Ultranauts, founded by Rajesh Anandan ’95 SM ‘96 and Art Shectman ‘95, which provides software testing services, quality engineering and test automation, data governance, and a recently launched suite of AI products to improve employee performance. The company employees people in 30 states, “75% of whom are neurodivergent.”

Richard Nieva reports on recent newcomers to Forbes’ 2024 Midas List, which features the magazine’s picks for the world’s best capital investors. Wesley Chan SB '00 SM '01 spent 14 years at Google, which “informed his focus on consumer tech startups,” Nieva writes.

Conner Galloway SB '08 SM '09 and Alexander Valys SB '08 lead Xcimer Energy Company, a startup seeking to provide economical nuclear fusion power and “pursuing what’s best described as a ground-up redesign of the underlying technology,” writes Tim De Chant for TechCrunch. “This is proven science,” Galloway, the CEO of Xcimer CEO, explains. “It’s just a matter of building a big enough laser, cheap enough laser and efficient enough laser.”

MIT spinoff Electrified Thermal Solutions is developing electrically charged bricks that generate and store heat as part of an effort to one day replace fossil fuels, reports Phil McKenna for Inside Climate News. “If you are running an industrial plant where you’re making cement or steel or glass or ceramics or chemicals or even food or beverage products, you burn a lot of fossil fuels,” explains Daniel Stack SM '17, PhD '21, chief executive of Electrified Thermal Solutions. “Our mission is to decarbonize industry with electrified heat.”

Prof. Asegun Henry founded Fourth Power, a startup using new technology to cut the cost of storing renewable energy, reports Adele Peters for Fast Company.  The technology is designed “to tap into excess renewable energy,” explains Peters. “That energy heats up liquid tin, which flows down carbon pipes to heat up the blocks. When the grid needs electricity again, the system generates it using special solar panels that run on the white-hot light from the pipes rather than sunshine. Because the system was designed for durability, the team expects it to last for three decades—far longer than lithium-ion batteries, which quickly degrade.”

Prof. Kripa Varanasi and Vishnu Jayaprakash SM '19, PhD '21 co-founded AgZen, an MIT spinoff that is developing new technologies to improve the performance and effectiveness of pesticide treatments, reports The Economist. The new technologies “could reduce the total amount of fungicides and insecticides sprayed over complete crops by some 90%, as well as cutting the amount of adjuvants required,” writes The Economist.

GiveDirectly, a nonprofit co-founded by MIT and Harvard alumni, works with “economists to identify the most efficient ways to reduce poverty,” reports Katharine Houreld for The Washington Post. “Lump sums are the most efficient way to give cash, according to a study of GiveDirectly programs released in December that compared the impact of three methods,” explains Houreld. “Two years in, recipients of the lump sum have spent more money on health care, and more of their children have scored better on school exams, according to the study by MIT economics professor Abhijit Banerjee and others." 

Axios reporter Steph Solis spotlights Kura, an MIT startup that is “developing a platform to help immigrants safely deliver money to loved ones back home.” Solis explains that: “Families worldwide rely on wire services like Western Union and Moneygram, but in some countries picking up money means waiting in long lines and exposing oneself to thieves.” Clifford Nau MBA ’22 and Stephanie Joseph, a Harvard alum, “wanted to build a safer alternative that would be available 24/7.”

TechCrunch reporter Ron Miller highlights MIT’s role as a driving force behind the Greater Boston area’s success as a hub for startups. Emily Knight, president of The Engine Accelerator, notes that universities are breeding grounds for new ideas. “There is a lot of research and a lot of infant innovation being translated into companies coming out of these [Greater Boston area] universities,” Knight explains.