A company operating on a .xyz has raised $200 million according to Bloomberg.
iGenesis Limited out of Hong Kong owns engine.com, the domain is just parked. Registered in 1994.A venture fund started by the Massachusetts Institute of Technology called The Engine has financed its first seven companies after raising $200 million from investors.
The selected companies are working in fields such as aerospace, advanced materials, genetic engineering and renewable energy, The Engine said Tuesday in a statement. The firms are: Analytical Space; Baseload Renewables; C2Sense; iSee; Kytopen; Suono Bio; and Via Separations. The goal is to fund and support 60 startups, providing them with space, equipment, and technical support in addition to capital.
