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Metro area · North America

Pittsburgh

Metro area · United States · Pop. 2.4M

A public taster of the full Pittsburgh ecosystem on Dealroom — request a demo for live deal flow, founder pedigrees, AI-talent maps, and the full cap table for every company below.

🦄 New unicorns by year
2
Annual $1B+ outcomes, unsmoothed
🐎 Cumulative thoroughbreds
6
Company revenue history, 2016-2025
Enterprise value
$67.1B
Actual EV series, 2015-2025

Largest rounds

Largest funding rounds in Pittsburgh

A live treemap of $100M+ rounds from the Dealroom API. Each cell is one round into Pittsburgh-headquartered companies, grouped by Dealroom sector.

Largest rounds in Pittsburgh - 2026

Every $100M+ VC round into Pittsburgh-headquartered companies in 2026, grouped by Dealroom sector.
- rounds · - raised
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Startup funnel

Pittsburgh's power-law funnel

From the first cheque written to a $10B+ outcome. Each arrow shows what fraction of companies at one stage graduate to the next, tracked by founding cohort.

Pre-Seed
197
Seed
131
Series A
109
Series B
52
Series C
31
Unicorn
9
Decacorn
2

* C→Unicorn and Unicorn→Decacorn rates are derived from current counts (no founding-cohort data); the four mid-funnel rates use Dealroom's cohort tracking.

VC investment

How much venture capital flows into Pittsburgh

VC investment into Pittsburgh-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage. Live from the Dealroom Next Gen API.

Notable companies

Top private companies in Pittsburgh

Up to 20 names per tier from Dealroom's tracked dataset. Decacorns are valued $10B+, unicorns $1B+, thoroughbreds have crossed $100M in revenue.

Decacorns $10B+ valuation 2
AuroraSkild
Unicorns $1B+ valuation 9
DuolingoKrystal BiotechIkaria3m M*ModalAbridgeGecko RoboticsStack AVHyliionAgility Robotics
Thoroughbreds+ $100M+ revenue 6
DuolingoKrystal BiotechGoviniAbridgeGecko RoboticsStronghold Digital MiningModClothIkaria

Academia

Pittsburgh's academic flywheel

Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to Pittsburgh.

University-linked startup formation
212
University spinouts
1,990
Total alumni-founded companies
1,107
Of which startups (<$15M raised)
628
Breakouts ($15M-100M)
255
Scaleups ($100M+)
University producing founders tied to Pittsburgh

Location comparison

How Pittsburgh stacks up

Compare Pittsburgh with peers from the same country (United States) — switch between combined EV, 5-year EV growth, and a growth × size view. Expand the table for the full ranking.

$195B
$143B
$136B
$116B
$109B
Pittsburgh
$67.4B

Combined enterprise value of each ecosystem.

Premium analytics

What we don't show on this page (yet)

Sector breakdowns, founder origins, AI-talent leaderboards and live deal flow are gated to logged-in Dealroom users. Book a demo to access the full Pittsburgh dataset — or see a sample on the Dealroom app.

Sector breakdown
Where Pittsburgh's unicorns concentrate
Fintech
AI / Enterprise SW
Health Tech
Biotech
Cybersecurity
Consumer
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Capital autonomy
Pittsburgh's domestic vs foreign capital mix
% domestic VC by stage
Cross-border lead investors
Sovereign-fund participation
Foreign-LP exposure
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Recent momentum
Pittsburgh's VC investment trajectory by stage
2024 vs 2025 by stage
Round-size trends
Stage-conversion deltas
Quarterly velocity
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Founder origins
Where Pittsburgh's startup founders come from
By country of origin
Per capita
Top universities
Top alumni-factory companies
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AI talent
Top employers of AI talent in Pittsburgh
Core AI roles
Frontier AI roles
YoY hiring growth
Senior + lead engineers
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Deal flow
Live deal flow & funding rounds in Pittsburgh
New rounds last 30 days
Stage breakdown
Active investors
Round-size trends
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Get the full Pittsburgh ecosystem on Dealroom

Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.