The MIT Startup Ecosystem - SBXi Newsletter 🚀
October 8th, 2024
As a reminder…
SBXi invests in MIT alumni founders. We are jointly backed by Accel, Polaris Partners, GETTYLAB, General Catalyst, Pillar, Danaher, Underscore VC, and Glasswing Ventures. We write $10K-$100K checks on SAFEs, and $100K-$1M checks when there’s a qualifying term sheet that we can match.
Apply for funding here
Recommend an MIT startup here
Book a coffee chat here
We're excited to invite you to the MIT Founders Pitch Night on October 30th, 2024. A special thank you to Pillar VC for partnering with us to host this event at their office!
This is an excellent opportunity for MIT alumni to pitch their ideas and get valuable feedback from seasoned founders. It’s also a great chance to network with peers and industry leaders.
📍 Location: Pillar VC Office, 500 Boylston St, Boston, MA
🕔 Time: 5:30 pm - 7:30 pm
🌐 Notable Funding for MIT Startups
Xscape Photonics: Revolutionizing Computing with Light
Founders: Vivek Raghunathan (MIT), Alexander Gaeta, Yoshi Okawachi
Latest Funding: Raised $44M
Lead Investor: Not Announced
Letta: Bringing Memory to AI Agents
Founders: Charles Packer & Sarah Wooders (MIT ‘19)
Latest Funding: Seed, raised $10M
Lead Investor: Felicis
👉 Read more about Letta’s raise
Valdera: Empowering Companies to Find the Specialized Inputs They Need to Build the Future of Sustainable & Branded Products
Founders: Sruti Arulmani & Dheev Arulmani (MIT)
Latest Funding: Series A, raised $15M
Lead Investors: Index
👉 Read more about Valdera’s raise
📅 Upcoming Events
SBXi Office Hours
Date: Every Tuesday
Time: 10:00 AM - 2:00 PM ET
Location: 750 Main Street, Cambridge MA
👉 Register Here
Activate Demo Day
Date: Thursday, October 10
Time: 3:00 PM - 6:00 PM ET
Location: 750 Main St, Cambridge, MA 02139
👉 Register Here
MIT Decentralized AI Summit
Date: Friday, October 11
Time: 9:00 AM - 2:45 PM ET
Location: MIT Media Lab
👉 Register Here
Perfect your Pitch w/ Citizens
Date: Wednesday, October 16
Time: 6:00 PM – 8:00 PM ET
Location: Gunderson Dettmer, 1 Marina Park Drive, Suite 900, Boston, MA 02210
👉 Register Here
Daniela Rus Book Talk & Discussion: Risk And Reward In The Age Of AI - The Mind's Mirror
Date: Thursday, October 24
Time: 6:00 PM – 8:00 PM ET
Location: MIT Media Lab
So many great events happening for Tough Tech Week! Don't miss out—see the full schedule here: [link]
🏢 SBXi Companies Hiring
Avoca - Founding Engineer & Founding Sales and Growth Marketing Lead
👉 Read MoreLithios - R&D Technician
📰 SBXi Companies in the News
Lithios secures $12 Million to expand lithium supply to meet global EV and energy demand.
👉 Read MoreSana Heal is awarded with $2.5M NIH NHLBI SBIR grant for the commercialization of surgical hemostatic agent technology.
Baseline AI, Retrofix AI, and Simplex were listed in TechCrunch as top picks for YC Demo Day.