July 10, 2025:
Foundation EGI Secures $23M for AI Expansion - Foundation EGI, an AI startup spun off from MIT, raised $23 million to enhance its domain-specific AI platform for engineering and manufacturing. The platform uses large language models and engineering best practices to optimize processes by converting complex, disorganized information into structured workflows. Co-founded by MIT professors Wojciech Matusik and Michael Foshey, Foundation EGI aims to challenge traditional manufacturing assumptions.
With over $30 million in total funding, the new round was led by Translink Capital and supported by notable investors including RRE Ventures and McRock Capital. Foundation EGI is driving innovation across various sectors by leveraging AI to improve engineering and manufacturing processes. The company's efforts are focused on transforming the industry through advanced technology and strategic investment.
