Massachusetts Institute of Technology

Massachusetts Institute of Technology

Massachusetts Institute of Technology

Overview
Date Founded

1861

Headquarters

1 AMHERST STREET E40-491, CAMBRIDGE, MA, 02139, USA

Employees (Worldwide)

25.9K

Industries

Other Business & Consulting Services
IT Consulting & Services
Medical Support Services
Hospitals & Patient Services
Human Resources & Personnel Services
Computer Software
Market & Policy Research
Schools & Student Services

Company Description

Massachusetts Institute of Technology (MIT) is a private research university located in Cambridge, Massachusetts, United States. MIT has five schools and one college, containing a total of 32 academic departments, with a strong emphasis on scientific, engineering, and technological education and research. Founded in 1861 in response to the increasing industrialization of the United States, the institute used a polytechnic university model and stressed laboratory instruction. MIT was elected to the Association of American Universities in 1934.

Contact Data
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Executives & Employees

Founder

Founder & Executive Director

Owner

Chief Executive Officer & Managing Partner, MIT the Engine Fund

President

Executive Director

Executive Director

Board of Directors

Co-Founder at VMware, Inc.

President at Massachusetts Institute of Technology

Founding Partner at Polaris Partners

Founder at InterSystems Corporation

Executive Chairman at Redseal, Inc.

Former Chief Executive Officer at Fomento Economico Mexicano SAB de CV

Founder at Foghorn Therapeutics, Inc.

Co-Founder at Celsius Therapeutics, Inc.

Chief Executive Officer & Executive Director at Avanda Investment Management Pte. Ltd.

Distinguished Alumni
Irwin Jacobs is now Co-Founder at Qualcomm, Inc.
Andrew W. Houston is now Chairman of the Board, Chief Executive Officer, Co-Founder at Dropbox, Inc.
Michael J. Farrell is now Founder at ResMed, Inc.
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Recent Transactions
Details Hidden

2U, Inc. purchases edX, Inc. from Massachusetts Institute of Technology, Harvard University

Advisors & Consultants
Advisor

TSD helps companies, campaigns, and causes communicate clearly and effectively. The organization design strategic communications plans and offer a full portfolio of related services: crisis communications, litigation and regulatory support, communications reviews, speechwriting and media training.

Legal Advisor

Partner at Proskauer Rose LLP

Legal Advisor

Partner at Milbank LLP

Visiting Professor of the Practice at Duke University - Sanford School of Public Policy

Clients

Alnylam Pharmaceuticals Inc. is a biopharmaceutical company focused on the discovery, development and commercialization of RNA interference (RNAi) therapeutics for genetically defined diseases. The company was founded in 2002 and is headquartered in Cambridge, Massachusetts. In 2016, Forbes included the company on its "100 Most Innovative Growth Companies" list.

American Superconductor Corp. engages in provision of megawatt-scale power solutions, which improve the performance of the power grid and lower the cost of wind power. It operates through Grid and Wind segments. The Grid segment enables electric utilities and renewable energy project developers to connect, transmit, and distribute power with efficiency, reliability, security, and affordability. The Wind segment permits the manufacturers to field wind turbines with power output, reliability, and affordability. The company was founded by Yet-Ming Chiang, David A. Rudman, John B. Vander Sande, and Gregory J. Yurek on April 9, 1987 and is headquartered in Ayer, MA.

Translate Bio, Inc. engages in the research and development of therapeutic drugs. It focuses on developing medicines to treat diseases caused by protein or gene dysfunction. Its lead product candidate, MRT5005 is designed for the treatment of cystic fibrosis. The company was founded by Arthur M. Krieg and Jeannie T. Lee in 2011 and is headquartered in Lexington, MA.

Key Stats and Financials As of 2019
Market Capitalization
Total Enterprise Value
Earnings Per Share
Revenue
$5.31B
Non-Profit Donations & Grants
Non-Profit Donations & Grants Received
Investments
Details Hidden

SendFriend, Inc. provides consumer remittance services. The firm is a cross-border payment platform based on block chain technology. The company was founded by David Lighton in 2017 and is headquartered in Albany, NY.

Details Hidden

Sigma Ratings, Inc. develops AI and machine learning software to assess company-level non-credit risks. Its solutions include counterparty risk management, self-assessment industry benchmarking and board & executive reporting. The company was founded by Stuart Jones Jr. and Gabrielle Haddad and is headquartered in Cambridge, MA.

Details Hidden

Mapify UG provides travel agency services. It operates a social travel platform that connects globetrotters globally and in a personal and unique way of sharing memories and curating new journeys. The company was founded by Patrick Haede, Magnus Langanke, Sebastian Haede, David Pflugpeil and Tobias Schnorpfeil in 2016 and is headquartered in Baunatal, Germany.

Investors
Details Hidden

Co-Founder at The Blackstone Group, Inc.

Suppliers
Harvard Bioscience, Inc. Industrial Machinery & Manufacturing | Holliston, MA

Harvard Bioscience, Inc. develops, manufactures, and sells technologies, products and services that enable fundamental research, discovery, and pre-clinical testing for drug development. It operates under the geographical segments: United States, Germany, United Kingdom, and Rest of the world. It sells its products through catalog, Website, distributors, and direct sales force. The company was founded by Dr. William T. Porter in 1901 and is headquartered in Holliston, MA.

TEK Microsystems, Inc. IT Consulting & Services | Chelmsford, MA

TEK Microsystems, Inc. designs, manufactures and markets field-programmable gate array based sensor I/O processing products. The company was founded by Andrew Reddig and Kirian Reddig in November 1981 and is headquartered in Chelmsford, MA.

Alexandria Real Estate Equities, Inc. Trusts & Funds | Pasadena, CA

Alexandria Real Estate Equities, Inc. is an urban office real estate investment trust. It engages in the ownership, operation, development, and redevelopment of life science and technology properties. The firm also provides a space for lease to the life science and technology industries, which are primarily located in AAA urban innovation cluster locations. The company was founded by Alan D. Gold, Gary A. Kreitzer, Joel S. Marcus, and Jerry M. Sudarsky in October 1994 and is headquartered in Pasadena, CA.

Awards & Honors
Rank #47
2010
The Chronicle of Philanthropy - Philanthropy 400
Rank #50
2009
The Chronicle of Philanthropy - Philanthropy 400
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