Engine.xyz raises $200 million

A company operating on a .xyz has raised $200 million according to Bloomberg.

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.