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Aurora Gets $820M to Drive Operations Until Autonomous Truck Launch
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Aurora Innovation Inc. has announced the close on a sale of $220M in Class A common stock as part of an underwritten public offering, as well as the close of a $600M concurrent private placement deal.
The $820M in new capital will enable the company to sustain operations "well into 2025" and beyond the launch of its autonomous trucking product in late 2024, according to Carnegie Mellon alumnus, CEO and co-founder Chris Urmson.
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Astrobotic Wins $34.6M for Power Demo Mission
on the Moon
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| Astrobotic announced today that the company won a $34.6M NASA Tipping Point partnership to demonstrate power transmission on the lunar surface. The award will result in a demonstration on the Moon called LunaGrid-Lite, which will transmit power from a lunar lander to a tethered rover.
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|  | Luis von Ahn, CEO and co-founder at Duolingo (left) with Denis Meinert (second from left), and Dave Mawhinney, Executive Director, Swartz Center (far right)
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Denis Meinert Celebrates Retirement From Duolingo
Denis Meinert retired this past month from Duolingo. On Wednesday July 26th, he celebrated with family, friends and colleagues at Duolingo's Taqueria. Denis was CFO at HB Maynard, ReCaptcha, Blue Belt Technologies, 4Moms and Duolingo. He is a frequent speaker at the Swartz Center and has mentored
many of its startups.
Good luck Denis on your next adventures with family and friends at Lake Latonka!
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CMU Alumni in India!
Upcoming India Startup Events
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| India Startup Fest 2023
August 10-12, 2023
How is AI driving business outcomes for startups and established companies alike? How is AI powering and driving economic growth? Find out at India Startup Fest!
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| TiE Delhi India Internet Day!
August 24-25, 2023
If you are a CMU alumni founder located out of India or building products for the Indian market, apply to pitch your startup at the India Startup Festival 2023.
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Special talk: Ramzi Ramsey, Blackstone Growth
Date: Wednesday, August 30, 2023
Time: 6:00-7:00 PM | ET
Location: CMU Swartz Center, Tepper Quad, 4765 Forbes Avenue, 3rd Floor (In person only)
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| Join the CMU Swartz Center for Entrepreneurship for a special, in-person conversation with Tepper School of Business alumnus (2007) Ramzi Ramsey, Managing Director at Blackstone Growth in
California's Bay Area.
Topics include a career in finance, technology investing and Carnegie Mellons' impact on his career.
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| CONNECTS/START SMART LAW SEMINARS
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| See the full Spring 2023 schedule here.
Can't make a CONNECTS? Watch on our YouTube channel.
The CONNECTS seminars will resume at the start of the Fall semester in September, 2023.
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The mission of 99 Tartans is to partner with the highest potential, early-stage CMU alumni companies and accelerate their success through access to capital and networks. Find out more.
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CMU ENTREPRENEURSHIP CLUBS
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The CMU Tech & Entrepreneurship group connects the CMU community, alumni and students, to build an entrepreneurial culture and provide resources to help the community succeed. There are multiple region-based chapters within the group. Find out more and join the CMU T&E blog,
the CMU Tech Entrepreneur!
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The following companies help directly support our programming and entrepreneurs.
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| Pillsbury and Steptoe & Johnson, PLLC are holding office hours for the CMU Swartz Center for Entrepreneurship. The office hours are for any interested CMU graduate, undergraduate or alumni interested in entrepreneurship or connecting with members of the Swartz Center network.
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Swartz Center Patron Office Hours
Pillsbury Winthrop Shaw Pittman LLP
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Legal Services Weekly Virtual Office Hours with Matt Kirmayer
Mondays 1:00-3:00 PM ET (10-12 PT)
To sign up for a 30 minute session with Matt, please contact Sean Mawhinney by the Thursday prior to your desired appointment. If you need to schedule an office hour outside of these regular hours, please
contact Daria Stokes.
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Legal Services Weekly Office Hours
Sign up for weekly office hours.
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| PATRON SPOTLIGHT
Procter & Gamble
Procter & Gamble (P&G) serves consumers around the world with one of the strongest portfolios of trusted, quality, leadership brands, including Always®, Ambi Pur®, Ariel®, Bounty®, Charmin®, Crest®, Dawn®, Downy®, Fairy®, Febreze®, Gain®, Gillette®, Head & Shoulders®, Lenor®, Olay®, Oral-B®, Pampers®, Pantene®, SK-II®, Tide®, Vicks® and Whisper®.
The P&G community includes operations in approximately 70 countries with thirteen research and development centers worldwide. Since 1837, P&G’s success is rooted in research and development and strong external partnerships with academia, entrepreneurs and start-ups. P&G would like to continue this legacy by partnering with you to bring your ideas to life. Find out more.
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HOW TO WORK OUT OF THE SWARTZ CENTER
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Swartz Center Education and Resources
No matter what phase of the entrepreneurship cycle you're in, there are programs and resources at the Swartz Center for Entrepreneurship that will take your idea to the next level. Find out more.
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Project Olympus Incubator Program
Want more help with finding product/market fit, developing your business model, making connections and attracting funding? Project Olympus will team you up with a business coach to develop a personalized ‘roadmap. Find out more.
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COMMUNITY OPPORTUNITIES/RESOURCES
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The James R. Swartz Entrepreneurial Fellows program fast-tracks the careers of Carnegie Mellon University's first year graduate students who are passionate about entrepreneurship. Applications for the 2023-25 cohort will open in October, 2023. Find out more.
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FIND OUT WHAT OUR PARTNERS ARE DOING
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Have startup news or opportunities to share? Have questions about the Swartz Center Weekly Bulletin? Send news, opportunities or questions to Sonya Ford, Program Manager.
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Carnegie Mellon University Swartz Center For Entrepreneurship
5000 Forbes Avenue | Pittsburgh, PA 15213-3890 |
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