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October 6, 2020

Abridge receives $15 million Series A round

By Adam Burroughs

Pittsburgh-based startup Abridge received a $15 million Series A round led by Union Square Ventures and UMPC with participation from Bessemer Venture Partners, Pillar, KdT Ventures and angel investors.

Local Deals Pittsburgh
June 2, 2020

Volkswagen’s $2.6B investment in Argo AI closes

Volkswagen AG’s investment in Argo AI has closed, which solidifies the Pittsburgh-headquartered business’s capital position and differentiates it as the only self-driving technology platform company with partnerships and commercial agreements, via Ford and Volkswagen, for deployment across the U.S. and Europe.

May 11, 2020

Edge Case Research Raises VC Funding

Edge Case Research Inc. recently raised $8 million in venture funding from undisclosed investors, PitchBook reports. The Pittsburgh company is developing vehicle safety systems intended to make autonomous vehicles safe.

May 4, 2020

Shell to sell Appalachia assets to National Fuel

A Royal Dutch Shell plc subsidiary has agreed to sell its Appalachia shale gas position for $541 million to National Fuel Gas Co. The transaction includes approximately 450,000 net leasehold acres across Pennsylvania, with approximately 350 producing Marcellus and Utica wells in Tioga County and associated facilities.