September 10, 2017
It’s time to catch up on the latest happenings in the Boston-area tech scene:
—Joule Unlimited, a decade-old biofuels company that raised at least $200 million in venture capital, is reportedly calling it quits. The Bedford, MA-based company laid off nearly all of its 120 employees, sold its New Mexico manufacturing facility, and is trying to sell its patents, according to the Boston Globe.
Joule was created by the venture firm Flagship Pioneering. The company was trying to commercialize a process that would convert carbon dioxide, water, and sunlight into fuels using microorganisms.
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