Startups

Aera Therapeutics, founded by Prof. Feng Zhang, is working to “debut a type of protein nanoparticle that it believes can be used to ferry all sorts of genetic medicines around the body,” reports Lisa Jarvis for Bloomberg.

Prof. Feng Zhang founded Aera Therapeutics, a startup working to deliver curative genetic medicine to hard-to-reach parts of the body, reports Ryan Cross for The Boston Globe. “If Aera’s approach works in people, it could broaden the reach of genetic therapies, which currently have limited clinical applications – partly because there aren’t enough methods for getting those medicines to hone in on the right cells,” writes Cross.  

Boston Globe reporter Aaron Pressman spotlights several MIT startups that are using AI to generate 3-D environments. Common Sense Machines, an MIT startup, is “trying to enhance the creativity of its app by adding a bit of, well, common sense,” writes Pressman. “Human babies form an understanding of the world by developing abstract models. Common Sense Machines is trying to add similar models to its 3D world builder.”

Xander, an MIT spinoff founded by Alex Westner SM ’98, has developed glasses that generate real-time captions of conversations for the wearer, reports Aaron Pressman for The Boston Globe. “The glasses have their own processor and front-facing microphones and are designed to convert conversational speech into text captions,” writes Pressman.

Boston Metal, an MIT startup, has developed a way to generate steel without releasing carbon dioxide emissions, reports Catherine Clifford for CNBC. The company “plans to begin construction of a demonstration steel plant in 2024 and a commercial sized plant in 2026,” says Boston Metal CEO Tadeu Carneiro.

MIT startup Boston Metal is developing technology to decarbonize steel production, reports Ed Davey for the Associated Press. “Boston Metal said it can eliminate all carbon dioxide from its steel production and hopes to ramp up production to millions of tons by 2026,” writes Davey.

Forbes reporter Stuart Anderson highlights Noubar Afeyan PhD ’87, a member of the MIT Corporation, and Prof. Hari Balakrishnan as two immigrants who have developed innovative technologies and startups.

MIT spinoff E Ink, an ePaper technology company, has developed new color technology to provided stronger color displays for their devices, reports Harri Weber for TechCrunch. “Eventually, E Ink aims to build a magazine reading experience that’s good enough to win over even the most demanding publishers,” E Ink U.S. business lead Timothy O’Malley ’93 tells TechCrunch.

Deepak Dugar MBA ’13, PhD ’13 founded Visolis, a biomanufacturing company developing carbon-negative, high-performance materials, reports John Cumbers for Forbes. “We use biology to make platform molecules. And then we use chemistry to turn them into a lot of different products. Because of this unique combination, we have an advantage both in terms of market as well as cost of technology development,” says Dugar.

On a recent episode of “Shark Tank,” Amrita Saigal '10 scored a $250,000 investment in her company Kudos, which is focused on making disposable diapers from sustainable and natural materials, reports Megan Sauer for CNBC. Saigal, who also founded a company called Saathi that makes sanitary napkins from banana peel fibers, notes she was inspired by seeing “just how much plastic we were putting into sanitary napkins and diapers.” 

Kevin Hu SB ’13, SM ’15, PhD ’19 co-founded Metaplane, a startup aimed at providing users with data analytics-focused tools, reports Kyle Wiggers for TechCrunch. “Metaplane monitors data using anomaly detection models trained primarily on historical metadata. The monitors try to account for seasonality, trends and feedback from customers, Hu says, to minimize alert fatigue, “writes Wiggers.

Alex Westner SM ’98 founded Xander, a company that uses augmented reality in personalized glasses to provide real-time closed captions for people with hearing loss, reports Dalvin Brown for The Wall Street Journal. “The glasses have an embedded display on the right side, where text appears almost as quickly as it’s picked up by a built-in microphone,” writes Brown. “There’s no wireless connection – all processing happens within the glasses.”

Asimov - an MIT spinout co-founded by Prof. Christopher Voigt, Alec Nielsen PhD ’16, Raja Srinivas PhD ’16, and Boston University Prof. Douglas Densmore - is a biotechnology company developing tools to design living systems, reports John Cumbers for Forbes. “Every cell is capable of computing. Perceiving environmental signals, information processing, turning genes on and off,” says Nielsen. “The ability to engineer this gift of evolution is, in my view, going to be the most meaningful and impactful technology that humans have ever developed.”

Vecna Technologies and Vecna Robotics co-founder Daniel Theobald ’95, MS ’97 speaks with Forbes reporter Heather Wishart-Smith about the future of robotics. “I believe that robotics can be one of the great tools for solving the world’s problems,” says Theobald. “The environment, equality, food scarcity, even happiness in allowing us to focus on being more human than today’s humans working like machines and doing jobs that really should not be done by humans.”

Sampriti Bhattacharyya PhD ’17, co-founder and CEO of electric hydrofoil startup Navier, speaks with AP reporter Matt O’Brien about the future of the company. “Our goal is to be the longest range-electric boat at cruising speed,” says Bhattacharyya.