News
Wednesday, November 13, 2019
Conservation Labs Raises $1.7 Million in Seed Funding for Smart Water Monitor
Conservation Labs, Inc., maker of smart water monitor H2know™, announced that it has successfully raised a $1.7 million seed round investment. The round was led by IrishAngels with additional investment from the Amazon Alexa Fund, Serra Ventures, Mountain State Capital, and Innovation Works.
Read more at the Pittsburgh Business Times.
Thursday, November 7, 2019
CMU Engineering Student Wins $3K at Duke's Energy Week Research Poster Competition
Kwaku Jyamfi, CMU Engineering student and Swartz Fellow, recently won $3K in the Research Poster Competition at Duke University's Energy Week, which was held November 4-7, 2019. Kwaku won for his biomass solution called Farm To Flame Energy, of which he is the co-founder.
Tuesday, November 5, 2019
RedMarlin Raises $10M To Fight Counterfeiting With AI
Fraud prevention and phishing detection startup, RedMarlin, recently secured $10M in Series A funding co-led by Thomvest Ventures and Crosslink Capital, with participation from Cyber Mentor Fund, Nexxus Venture Partners and Rain Capital.
A participant in the CMU Swartz Center's VentureBridge accelerator program, RedMarlin co-founder, CEO and CMU alumnus Abhishek Dubey said the new funds will be used to grow the company's engineering and sales teams while furthering its go-to-market strategy.
Read more at VentureBeat.
Monday, November 4, 2019
Goldman Sachs Leads $50M Investment in CMU Credit Card Startup Deserve
Deserve, a credit card startup founded by CMU Tepper School of Business alumnus Kalpesh Kapadia, has raised $50M in a new round of Series C funding led by Goldman Sachs. Deserve helps young people establish themselves and is also a cloud-based, credit card platform for businesses.
Read more at TechCrunch. Read more at CNBC.
Monday, November 4, 2019
Kimodo Takes First Place at CMU's Hack-A-Startup
This past weekend, Carnegie Mellon's US-China Innovation and Entrepreneurship Association (IEA), the Undergraduate Entrepreneurship Association (UEA) and the Graduate Entrepreneurship Club (GEC) hosted the annual Hack-A-Startup business competition at the Tepper School of Business and CMU Swartz Center for Entrepreneurship.
The participants, a combination of CMU undergraduate and graduate students, created business plans for judges to evaluate for a chance to win cash prizes. The students were challenged to effectively communicate with their teams of 4-6 members to create innovative ideas that challenged the conventional.
First place of $500 cash went to Kimodo, a data analytics platform that revolutionizes the municipal bond industry. Over $1K in prizes was awarded to the winning teams.
Friday, November 1, 2019
CMU Startup GT Entrepreneurs Closes Its Third Deal
GT Entrepreneurs ("GTE") has announced the closing of their third deal. CMU Tepper School of Business alumnus Gabriel Chick, a GTE Operator-in-Residence, has completed the final paperwork to acquire Service-Tech Corporation (STC), a Cleveland, OH based HVAC and industrial cleaning company.
GT Entrepreneurs works out of the CMU Swartz Center and is also a Project Olympus PROBE.
Read more at GTE.