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| Abridge AI Raises $300M, Doubles Valuation to $5.3B
Abridge AI Inc. has closed on a $300M Series E funding round, bringing the company's total valuation to approximately $5.3B. Abridge's artificial intelligence transcribes conversations between clinicians and their patients to reduce the cognitive load on doctors and nurses. Abridge was founded in 2018 by CMU alumnus, cardiologist and CEO Shiv Rao.
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Carnegie Mellon Software Startup InceptEV
Acquired by Motive
Motive, the AI-powered Integrated Operations Platform, has announced it has acquired InceptEV, a software startup from Carnegie Mellon University that uses advanced battery intelligence with machine learning to help companies make smarter electric vehicle (EV) investment decisions. Venkat Viswanathan, a co-founder of InceptEV and leading expert in EVs, joins the company as a strategic advisor. Viswanathan is also a former CMU Associate Professor and Faculty Fellow at the CMU Scott Institute for Energy Innovation.
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CMU's Tepper School of Business Spotlights Alumni From the Class of 2025: Featuring an Innovation Scholar and James R. Swartz Entrepreneurial Fellow
Recent Tepper School of Business graduates Kaitlyn Chow, Innovation Scholar and founder of BAM! and Ruben Antonio Quesada, James R. Swartz Entrepreneurial Fellow and founder of Sabana, were featured in a recent story highlighting recent Tepper School of Business graduates who have and continue to impact innovation in the region.
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VENTUREBRIDGE '25 FOUNDER SPOTLIGHTS
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Welcome to the VentureBridge '25 Founders Spotlight!
For the next few weeks, we will feature the founders of the '25 VentureBridge cohort.Join us in celebrating these amazing founders.
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Meet Spencer Matonis, CEO & Co-Founder of Edulis Therapeutics,
"The next big thing in GI care!"
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Meet Paul L. Grech, CEO & Co-Founder of OctaPulse, "TSA for your
Luggage, but for Fish!"
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CMU Swartz Center Startup Agilow Seeks
Founding Engineer
Agilow is building the world’s first voice-driven management coaching platform - combining AI and Agile coaching to help fast-moving teams stay aligned and win. The company, backed by CMU's Swartz Center, Jackson Square Ventures and Angel Squad, is looking for a Founding Engineer to join its mission.
The qualified candidate should be a builder excited by 0–1 products, voice interfaces and AI agents. Skills in Python, React and APIs are a plus. You’ll work on real-time voice tasking and integrations with Trello, Notion, and Slack.
To apply, email shiv@agilow.ai or contact him via LinkedIn.
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EKTO VR Launches Equity Crowdfunding Campaign
with Honeycomb Credit
EKTO VR, 2020 VentureBridge participant and developer of immersion-enhancing products for the 170 million users in the $6B virtual reality market—founded by CMU MRSD alumnus and CEO Brad Factor—has launched an equity crowdfunding campaign with Honeycomb Credit this past Monday.
Participants can sign up to be notified when the campaign goes live. The team will be pitching and answering questions at Honeycomb's birthday celebration next Tuesday evening, and Honeycomb will waive their fees on Monday and Tuesday as a gift to investors who get in early!
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The Swank Special Projects Team Invites the CMU Swartz Center and CMU/Pittsburgh entrepreneurship community to another friendly game of Pickleball on Thursday, July 31 from 7:00-8:30 am at Washington's Landing.
Email jaimel@swankco.com to RSVP!
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| CONNECTS/START SMART LAW SEMINARS
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| Can't make a CONNECTS? Watch on our YouTube channel.
See the full schedule and register for ALL of the seminars here!
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The CONNECTS/START SMART LAW Seminars have ended for the Spring semester and will resume in the Fall.
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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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| Click the images to see upcoming Club events!
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Special Announcement!
The CMU T&E has launched its new website, which also includes a newly revamped Jobs Board, available for people across the community to share and seek new opportunities in the startup & entrepreneurship ecosystem. Find out more and visit the website here.
The CMU Tech & Entrepreneurship group aims to build a bridge between CMU students and alumni across the startup and tech continuum. With main chapters in NYC, Pittsburgh, and SF, we offer a range of in-person and online events and programming in the form of panels, workshops, founder/investor engagements, startup support, and socials to foster collaboration, innovation, and networking opportunities.
Join 7,000+ Tartans on our Slack workspace and mailing list for resources and updates on how you can engage in the community and CMU entrepreneurial ecosystem. Headline TextDesign best-practices suggest a large font size for easy readability both on desktop and mobile devices.
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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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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)
Matt Kirmayer of Pillsbury Winthrop Shaw Pittman LLP, is offering office hours for newly established startup and emerging companies. Matt specializes in representing technology startups and emerging growth companies, assisting with entity formation, fundraising and overall growth needs. Startup companies with a founder who is a CMU graduate, undergraduate or alumni is eligible to register for
an appointment. Complete the Signup Form for a 30 minute session by the Thursday prior to your
desired appointment.
Contact Daria Stokes or Sean Mawhinney for office hours outside of these regular hours.
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Steptoe & Johnson PLLC
Steptoe & Johnson PLLC is a multi-jurisdictional, full-service law firm that takes a progressive approach to providing counsel at each stage of a client’s life cycle. Our dedicated team works closely with our clients to form entities, advise on the most advantageous entity type, and design and negotiate joint ventures and mergers and acquisitions. If a client has a dispute, Steptoe & Johnson has a team of business and product liability litigators and labor and employment lawyers to guide clients through these often stressful and disruptive situations.
Steptoe & Johnson brings a strong skillset for data privacy, cyber security and intellectual property matters which are frequent concerns for startups and technology companies. We offer competitive and flexible rates and aim to provide value to our clients.
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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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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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