in Squirrel Hill has closed on its first private equity financing round, although the amount was not disclosed. The CMU spinout previously raised $1 million from the National Science Foundation and regional business accelerators.
Newlin Investment Company lead the investment with additional funds from Innovation Works. The funds will be used to further develop Safaba’s Enterprise Machine Translation technology, which assists global companies with the enterprise-wide translation of their digital content.
CivicScience and BuiltinPgh
have teamed up for the Pittsburgh Startup Research Project
, an initiative providing free marketing research software and services to local startups.
Each month one local company will be selected to receive access to CivicScience's suite of polling, survey and data mining tools. To qualify, startups must be based in the City of Pittsburgh and employ fewer than 20 full-time employees.
Three Pittsburgh companies made the 2013 Inc. 500 list
, an annual compilation of some of the fastest growing companies in America: Branding Brand, 4Moms
and Target Freight Management
Another 27 companies made the long form, the Inc. 5000. Included among the group is AE Works, Independent Catalyst, VolP Innovations, Z Brand Group, Urban Lending Solutions, SDLC Partners, Gatesman+Dave, Summa Technologies, PCN Network, Beyond Spots & Dots, Genco, College Prowler, Quaker Steak & Lube and Celtic Healthcare.
CMU has announced the latest round of companies in its Open Field Entrepreneurs Fund
(OFEF). The fund awards $250,000 to five startups to help them grow their business ventures; it is administered by the CMU Center for Innovation and Entrepreneurship.
Intelligent automated services for residential electricity consumers that optimizes how they buy and use electricity.
A network-monitoring tool that tests and validates enterprise networks from an end-user perspective.
A healthcare startup that uses robust algorithmic analysis of medical image data to aid physicians and surgeons in diagnostics and surgical planning.
Offers an open source development environment in the cloud, providing a flexible, managed way to growing IT development groups of any size.
Has created a wearable sensor tool that maximizes the benefits of athletic training, learning and perfecting sports-specific skills.
Writer: Deb Smit