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Friday, April 9, 2021

Panthean

CMU Alumni Arman Hezarkhani, Nikhil Choudhary and Jason Zhu Discuss The Idea Behind Parthean

Carnegie Mellon University alumni Arman Hezarkhani, Nikhil Choudhary and Jason Zhu co-founded Parthean to make learning a habit with a community-based platform that provides daily, curated content and progress tracking. The three founders, who collectively have experiences across tech and consulting companies including Google, Palantir, and BCG, were recently interviewed by Built by.

Read more at medium.com.

Wednesday, April 7, 2021

Joseph Pugar

CMU Ph.D. candidate Joseph Pugar, co-founder and CEO of Aruga Technologies, LLC, inducted into 2021 30 Under 30

Wednesday, April 7, 2021

Simpl

CMU alumnus and SimpL founder Kunal Gandhi among finalists in Rice Business Plan Competition

Wednesday, March 31, 2021

Idelic, Inc.

Idelic Raises $20M Almost All From Out of Town Investors

Idelic Inc., developer of commercial trucking analytics and driver management solutions, recently raised $20M. The Series B round was led by Highland Capital Partners, with participation from AXA Venture Partners and previous investors Birchmere Ventures, Origin Ventures, TDF Ventures and SaaS Venture Capital. Idelic is co-founded by CMU Tepper School of Business alumni Nick Bartel and Hayden Cardiff, and MS Music and Technology technical co-founder, Andrew Russell.

Read more at the Pittsburgh Business Times.

Tuesday, March 30, 2021

Alireza Chamanzar

Finding Silence in the Brain: CMU Ph.D. Creates Program That Analyzes Patterns in Data

Alireza Chamanzar, an electrical and computer engineering Ph.D. student and CMU Swartz Center Innovation Fellow, has recently published a paper about an algorithm he created to noninvasively locate silent regions of the brain. The algorithm, called SilenceMap, uses data from an EEG, a device that collects brain activity from electrodes placed on the patient’s head.

Read more at the Carnegie Mellon University College of Engineering.

Friday, March 26, 2021

mcginnis-winner-banner-2021.jpg

And the Winners Are!

The CMU Swartz Center held its annual McGinnis Venture Competition on Tuesday, March 23, 2021. The competition was held virtually for the second time due to COVID restrictions. Among the final teams who pitched for $60K investments were a panel of esteemed judges from the community. The judges included:

Jim Jen (Innovation Works, AlphaLab), Illana Diamond (412 Venture Fund, LP), Raji Sankar (Choolaah), Ari Rabban (Phone.com, Inc.), Bruce Gebhardt (Pathfinder Capital Advisors), Ed Engler (VC, entrepreneur), John Levinson (Investor/Advisor), Zach Malone (Draper Triangle Ventures), Meredith Grelli (Wigle Whiskey), Alicia McGinnis (Audrey's Kitchen) and Jake Poliskin (Mark Cuban Companies). This year's sponsors were: Phone.com, Philips, Choolaah and Jerry and Alicia McGinnis.

The undergraduate track winners are: 

First place ($4K): Moonpy (Benjamin Graham) 
Second place ($2,500): The Student Community (Snehita Sana, Nina Zanarelli)

The graduate track winners are:

First place ($25K): Mach9 Robotics (Alexander Baikovitz)
Second place ($15K): Clean Sea Robotics (Stefan Zhu, Danny Vedova and Evan Myers)
Third place ($10K): Savor Robotics (Emily Ellis and Connor Colombo)

Find out more about the winners and read about the competition.

The McGinnis Venture Competition is made possible by a generous endowment from Gerald E. McGinnis, founder of Respironics.

Read more at the Pittsburgh Business Times and the Tepper School of Business. 

Thursday, March 25, 2021

Refibered

Refiberd Wins Best Bootstrap Award at SXSW

Refiberd, co-founded by CMU alumni Sarika Bajaj, Tushita Gupta and Mingyue (Ida) Wang, won the Best Bootstrap Company award at SXSW 2021, after pitching as a top five finalist in the Social & Culture category. The team also released their first pre-sale collection of embroidery made with Refiberd's recycled thread at the competition.

Read more at SXSW.com.

Thursday, March 25, 2021

Hardly

CMU Startup Hardly is Picking Up Speed!

Tepper MBA alumni, Allison Braund-Harris ('20) and Roger Harris ('20) have had quite the week! Hardly participated in SXSW's pitch competition as an alternate, was listed in the Venture Summit West Top 180 Innovative Companies, and featured on Dallas's Spectrum News. On March 25, Hardly is a semi-finalist for AlphaLab Gear's Hardware Cup, and Hardly's innovation story will air on the Question Authority podcast. Allison hopes that this attention will lead to pre-seed funding for their suite of IoT products.

Hardly's products help remote workers regain focus and control. Learn how Hardly makes any desk into a smart desk here. Sign up to be notified when products launch.

Friday, March 19, 2021

Honeycomb Credit

Honeycomb Credit Closes $1.75M Seed Funding Round

Honeycomb Credit, the crowdfunding platform that allows small businesses to borrow money directly from their own customers, has just closed a $1.75M seed round. Honeycomb is co-founded by CEO George Cook and Ken Martin. Also on the team is CMU Tepper School of Business alumnus and COO Christian Bilger, and several others.

Read more at the Pittsburgh Business Times. 

Thursday, March 18, 2021

Eleanor Haglund

Aspire360 Provides Crisis Coaching for Entrepreneurs

Aspire360, co-founded by CMU alumna and Innovation Scholar Eleanor Haglund and ten-time founder and lead coach Ed Engler, is a network for entrepreneurs that provides facilitator-led, peer-to-peer community groups (Axioms) mentorship, community and other resources to accelerate their professional development. Aspire360 members are CEOs of pre-seed to Series A companies who need to build ongoing and lasting relationships with other like-minded leaders to solve tough problems, tackle their fundraising rounds and accelerate revenue growth.

Aspire360 is offering initial coaching sessions and a 1-month free trial of its community to CMU students and alumni. Email eleanor@aspire360.io and mention "CMU" to activate.

Read more about Aspire in an article published in Forbes: How Crisis Coaching Can Keep A Startup on Course.

Friday, March 12, 2021

Nimbus Robotics

Nimble Robotics Raises $50M to Build the Future of On-Demand Robotic Fulfillment

Nimble Robotics, a robotics and ecommerce fulfillment technology company founded by CMU alumnus and Swartz Fellow Simon Kalouche, has announced a $50M Series A financing led by DNS Capital and GSR Ventures with participation from Accel and Reinvent Capital among others. The capital raised will further accelerate the company’s hiring plans, product and technology development and scaling of robot deployments for its customers’ fulfillment operations.

Read more at Businesswire.com.

Thursday, March 11, 2021

VentureBridge

Venture Bridge: Building Bridges to Silicon Valley and Beyond

The CMU Swartz Center's VentureBridge program, directed by Namrata Banerjee, gives alumni founders the tools they need to go from seed stage to successful startup. The free program provides startups with $25K in funding, access to unparalleled mentors and renowned industry experts, weekly roundtables to troubleshoot challenges with fellow founders, targeted one-on-one advice and co-working and incubation spaces in San Francisco’s Financial District and on CMU's Silicon Valley campus.

Read more at Carnegie Mellon University.

Thursday, March 11, 2021

Rice

Carnegie Mellon University Startups To Compete at Rice Business Plan Competition

Three CMU startups, along with 51 other teams, will be competing in the Rice Business Plan Competition virtually on April 6-9, 2021. The teams are:

  • Aspire360 - Eleanor Haglund, founder and CEO
  • MindTrace (2021 McGinnis Venture Competition finalist) - Team: Raouf Belkhir, Max Sims, Hugo Angulo and Bradford Mahon
  • SimpL - Kunal Gandhi, founder and CEO

Read more about the competition and the teams.

Wednesday, March 3, 2021

Kit Needham

Carnegie Mellon University's School of Computer Science Names First Assistant Dean for Entrepreneurship Initiatives

Katharine "Kit" Needham has been named the School of Computer Science's inaugural assistant dean for entrepreneurship initiatives. Needham, who also serves as the director of Project Olympus, joined Carnegie Mellon in 2008 to work on the then newly formed startup incubator with its founding director Lenore Blum.

Read more at Carnegie Mellon University School of Computer Science. 

Monday, March 1, 2021

101edu.jpg

101edu Closes $4.6M Series A Round

Co-founded by CEO Justin Weinberg, Ph.D., 101edu has announced it has completed an oversubscribed $4.6M Series A financing round led by Recurring Capital Partners with participation from new and existing investors Birchmere Ventures, University Ventures, Zanichelli Venture, Matzliach Capital, Board member Dr. James Caras, Mark Miller, Torsten Geers and Vineet Madan. The latest investment brings 101edu's funding to $7.8M.

Read more at PRNewsire.com.

Monday, March 1, 2021

Farm to Flame

Farm to Flame Energy Wins $100K EPA Small Business Innovation Reserach (SBIR) Grant

Farm to Flame Energy, has been awarded a Small Business Innovation Research (SBIR) Phase I EPA Grant for $100K to help commercialize its fuel processor, which provides scalable, end-to-end electricity generation systems for underserved communities. The members of the Farm to Flame team are: President and CEO Kwaku Jyamfi ’18 (Computer Science and Engineering), co-founder and advisor Will McKnight ’19 (Maxwell) and CFO Stefano Alva.

Read more at Syracuse University.