Mass High Tech News

An MIT professor and founder of one of the largest online learning projects is joining a new company to keep furthering his personal mission of education for all.

The Department of Energy just selected Found Industries as part of a $5.4 million program to recover gallium — a critical metal with countless applications in consumer electronics — from domestic feedstocks.

The software company reached a $1.2 billion valuation in 2024 and expanded its Boston office to 12,000 square feet this spring.

The e-commerce firm added another location to its slate of openings planned between this year and 2027, with stores coming to Denver, Yonkers, and Princeton, among others.

The MIT spinoff became a unicorn in 2024 with a $250 million round led by AMD. Its models live on devices, not in the cloud — and that can make all the difference.

The Massachusetts Port Authority is converting the vacant space into an R&D facility for marine tech startups. The incubator is expected to open in 18 to 24 months.

Some of the chipmaker's files were stolen following an "unauthorized access" to certain company systems on June 23, according to a public filing.

"Breakthrough Bio" is initially open to startups headquartered in Israel and Taiwan, but CEO Cait Brumme hopes to expand it to additional geographies.

Knight joined The Engine in 2017 and became CEO in 2023 after the accelerator split from its venture capital counterpart.

Devens-based CFS said that the latest haul brought its total raise to $4 billion, about 30% of all the funds raised for the fusion industry to date. The latest raise also comes with a new face in the C-suite.

Mariya Pylypiv joined Airo Group Holdings in part because the firm provides drones to Ukraine. She's now building a Boston network to support expansion.

The settlement comes after a 2019 cyberstalking and harassment campaign by former eBay employees. The campaign included delivery of live cockroaches and spiders to the couple who operate an e-commerce trade publication.

The four-week program paired students from 76 schools with businesses nationwide to develop deliverable AI projects. Each intern earned $750.

Alpha School will charge around $60,000 per child at three new Massachusetts locations opening this fall. Students learn through AI-monitored apps while adults called guides provide emotional support.

Data for this list was obtained from participating firm representatives. The list includes firms that are paid to independently diagnose and solve clients' IT-related problems, providing full project management and oversight.

The Beverly-based company has over 50 employees and uses electricity instead of fossil fuels to isolate minerals from used batteries.

The 14-year-old software firm, which switched its CEO and CFO in 2024, once valued at $2 billion is pivoting from its long-held public market ambitions under new leadership.

"Many of us were inspired by the Matrix," CEO Nick Warner said in an interview. His cybersecurity company, Neo, plans to hire over 20 people by the end of the year.

Drones, military-related flight operations and advanced manufacturing are drawing increased investor attention, creating competition among business leaders for newly available funding.

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