About MIT Startup Exchange
MIT Startup Exchange, an accelerator and incubator program founded in 2015, is based in Cambridge, United States. With a presence in 5 countries, it has supported around 87 startups in sectors like Enterprise Applications, High Tech. As of Oct 2026, MIT Startup Exchange has 7 unicorns under its belt and has witnessed 16 portfolio exits. Most notable companies in
its portfolio include Tomorrow.io, Formlabs and OpenSpace. The program primarily supports Seed startups based in United States. Its latest investment was a $1.32M Seed round in Poly6 on Feb 07, 2018.
Key Metrics
Founded Year
2015
Location
Cambridge, United States
Portfolio Companies
Sectors of Investment
Stages of Investment
Seed
Locations of Investment
Unicorn in Portfolio
MIT Startup Exchange's List of Top Investments
MIT Startup Exchange has a portfolio of 87 companies, including 7 unicorns. Their most notable investmentis in Poly6Their portfolio spans across United States, Germany, Israel and 2 more locations. They have invested in Enterprise Applications, High Tech, Life Sciences and 22 other sectors, across stages such as Seed stage. Here is the list of top investments by MIT Startup Exchange:
1. Tomorrow.io
AI-powered weather intelligence platform using satellites for real-time forecasting. It combines satellite data, machine learning, and real-time atmospheric modeling to deliver hyperlocal forecasts and predictive insights. It helps industries like aviation, energy, logistics, and insurance anticipate weather risks and automate operational decisions.
Key facts about Tomorrow.io
- Founded Year: 2016
- Location: Boston (United States)
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $425M
- Employee Count: 229 as on Sep 30, 2026
- Investors: HarbourVest Partners, Trinity Capital and 32 Others
- Latest Funding Round: Series F, May 18, 2026, $*****
- Highlight: Editors' Pick
2. Formlabs
Manufacturer of low force SLA technology based desktop 3D printers. It provides its proprietary software for the design and planning of printing models. They offers an SLS 3D printer catering to the dental,education,medical,entertainment,jewellery,audio and other industries.
Key facts about Formlabs
- Founded Year: 2011
- Location: Somerville (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $254M
- Employee Count: 775 as on Sep 30, 2026
- Investors: West Coast Equity Partners, Vintage Investment Partners and 32 Others
- Latest Funding Round: Series E, Jul 10, 2024, $*****
- Highlight: Editors' Pick
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3. OpenSpace
OpenSpace is the Visual Intelligence Platform for builders. When teams lack a clear picture of the reality of their jobsites, decisions slow and work gets behind schedule. OpenSpace changes that: seamlessly capture the site with smartphones, 360° cameras and drones and turn that reality into simpler workflows and real-time intelligence. With everyone working from the same clear insights, risk is reduced, decisions are smarter, and projects move faster. OpenSpace is an all in one platform that fits how you work today and integrates with project management platforms like Procore and Autodesk. Always visible, never in doubt." as it's more accurate. And for the brief description, please change it with "OpenSpace is the Visual Intelligence Platform for builders. Powered by Spatial AI, its image-first platform delivers real-time jobsite intelligence, streamlining coordination between field and office for better decisions, faster. " if it's too long, please keep "OpenSpace is the Visual Intelligence Platform for builders.
Key facts about OpenSpace
- Founded Year: 2017
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $199M
- Employee Count: 430 as on Aug 31, 2026
- Investors: Foundation Capital, Harmonic and 31 Others
- Latest Funding Round: Series D, Aug 09, 2022, $*****
- Highlight: Editors' Pick
4. PathAI
Provider of digital pathology image management system for clinical labs. It offers an AISight is a cloud-native intelligent enterprise workflow solution used by the laboratories and research centers to power their digital pathology workflows and AI applications. It serves as a central hub for case management, image management, and best-in-class artificial intelligence tools to enable multiple histopathology use cases.
Key facts about PathAI
- Founded Year: 2016
- Location: Boston (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $255M
- Employee Count: 279 as on Sep 30, 2026
- Investors: Deep Learning, General Atlantic and 22 Others
- Latest Funding Round: Series C, May 18, 2021, $*****
- Highlight: Editors' Pick
5. Gradiant
Provider of industrial water treatment solutions and technologies. It offers end-to-end, turnkey treatment systems engineered to meet specific customer requirements. Services include water reduction, reclamation, and renewal, recovering valuable resources from wastewater. Custom chemical formulations are developed in-house to support these technologies. The company's solutions address various industrial sectors, focusing on minimizing environmental impact and optimizing water usage. Technologies include those for PFAS removal, lithium extraction, and green hydrogen production.
Key facts about Gradiant
- Founded Year: 2013
- Location: Woburn (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $400M
- Employee Count: 919 as on Sep 30, 2026
- Investors: Schechter, WorldQuant Ventures and 18 Others
- Latest Funding Round: Series E, May 18, 2026, $*****
- Highlight: Editors' Pick
MIT Startup Exchange's Year-on-Year Investment Trends
Its most recent first time investment was in Poly6.MIT Startup Exchange's Investments by Stage
MIT Startup Exchange has made 1 investment in Seed stage with an average round size of $1.32M.MIT Startup Exchange's Investments by Sector
MIT Startup Exchange has a portfolio focused on Business Services. Notably, it has invested in 78 Enterprise (B2B) companies, 77 Tech companies, 53 Software companies and at least 28 companies focusing on Tech hardware.MIT Startup Exchange's Investments by Geography
MIT Startup Exchange has made most investments in United States (1).MIT Startup Exchange's recent investments
MIT Startup Exchange has not made any investment in 2026 so far.Here are the most recent investments by MIT Startup Exchange:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Feb 07, 2018 | United States | Seed | 1603 | - |
Unicorns in MIT Startup Exchange's Portfolio
MIT Startup Exchange has 7 unicorns in its portfolio - Tomorrow.io, Tulip, 24m Technologies and others. The most recent unicorn in their portfolio is Tomorrow.io. It became a unicorn in 2026.Here is a list of unicorns in MIT Startup Exchange's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
77 | AI-powered weather intelligence platform using satellites for real-time forecasting | 2016 | Boston | Series F | jcawdte | ||
70 | Digitalized Manufacturing System | 2014 | Somerville | Series D | hkykehe | ||
69 | Developer of battery technology for electric vehicles and energy storage | 2010 | Cambridge | Series H | fqqvfex | ||
72 | Provider of industrial water treatment solutions and technologies | 2013 | Woburn | Series E | ikhdei{ | ||
71 | Clean energy technology platform developing long-duration iron-air battery systems | 2017 | Somerville | Series G | opfwmlw |
IPOs and Publicly Listed companies in MIT Startup Exchange's Portfolio
1 of MIT Startup Exchange's portfolio company became public - Ginkgo Bioworks. It got listed on the New York Stock Exchange (NYSE), in Sep 2021.Here are MIT Startup Exchange's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 17, 2021 | - | - | 7641 |
Acquired companies in MIT Startup Exchange's Portfolio
15 companies from MIT Startup Exchange's portfolio have been acquired. The most recent acquisition was Nara Logics in Jun 2026 by Omni for $*****.Here are MIT Startup Exchange's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 03, 2026 | - | - | 6400 | |
Apr 15, 2026 | - | - | 6567 | |
Jan 12, 2026 | - | - | 5447 | |
Nov 14, 2024 | - | - | 1631 | |
Jul 02, 2024 | - | - | 1045 |
Co-investors of MIT Startup Exchange
Over the past 8 years, 3 investors have co-invested in MIT Startup Exchange's portfolio companies. This includes funds and angels.
- Invested before MIT Startup Exchange: Varkain, ClimateTech & Energy Prize and 1 other have invested in rounds before MIT Startup Exchange. There is 1 company where Varkain has invested before MIT Startup Exchange and 1 company where ClimateTech & Energy Prize has invested before MIT Startup Exchange.
