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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.

501 Pool of Funded Startups

New Startups

82 Annual Startups FoundedAll new ventures

43 Annual Startups FundedReceived investment

get funded 52%

393Startups

180 Pre-Seed Startups$100K–1M

116 Seed Startups$1–4M

97 Series A Startups$4–15M

Seed to Series A 35%

82Breakouts

51 Series B Breakouts$15–40M

A to Series B 28%

31 Series C Breakouts$40–100M

26Scaleups

18 Mega Scaleups$100–250M

reach Mega 3.6%

8 Mega+ Scaleups$250M+

reach Mega+ 1.6%

11Valuation Outcomes

9 Unicorns($1–10B valuation)

reach Unicorn 1.8%

2 Decacorns($10–100B valuation)

reach Decacorn 0.40%

Pre-Seed

180

Seed

116

Series A

Series B

Series C

Unicorn

Decacorn

* 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.

Largest rounds

Largest funding rounds in Pittsburgh

A live treemap of the largest VC rounds. Each cell is one round into Pittsburgh-headquartered companies, grouped by Dealroom sector.

Largest rounds in Pittsburgh - 2026

Every $15M+ VC round into Pittsburgh-headquartered companies in 2026, grouped by Dealroom sector.

- rounds · - raised

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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.

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

252

University spinouts

2,094

Total alumni-founded companies

1,148

Of which startups (<$15M raised)

662

Breakouts ($15M-100M)

284

Scaleups ($100M+)

Top universities producing founders tied to Pittsburgh

🇺🇸 Carnegie Mellon University Pittsburgh, PA · 88 alumni unicorns

Notable alumni-founded: DuolingoAuroraArgo AIASAPP

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Location comparison

How Pittsburgh stacks up

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

$203B

$140B

$136B

$126B

$124B

$111B

$108B

$70.5B

Pittsburgh

$65.3B

Combined enterprise value of each ecosystem.

Top cities in United States ranked by combined EV. Pittsburgh's row is highlighted (#12).

#	Ecosystem	Combined EV	EV growth	Unicorns	VC invested	Tracked startups
1	Bay Area	$20T	8.0×	866	$156B	24.5K
2	Seattle	$2.9T	4.4×	68	$6.6B	2,966
3	Austin	$2T	13.9×	62	$8.1B	2,649
4	New York City	$1.6T	5.1×	329	$32.3B	16.6K
5	Boston	$1.2T	4.5×	211	$13.4B	6,323
6	Los Angeles	$1.2T	5.7×	158	$16.3B	8,592
7	Miami	$673B	12.8×	40	$2.6B	2,865
8	San Diego	$330B	5.1×	64	$3.4B	2,224
9	Chicago	$266B	3.7×	52	$2.2B	2,833
10	Washington DC	$265B	3.3×	55	$3.5B	2,343
11	Dallas	$203B	3.8×	35	$1.6B	2,033
21	Pittsburgh	$65.3B	5.7×	11	$1.6B	701

More data

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Country United States Country · North America · Pop. 340.1M · #1 country by EV Region North America Continent / region · Pop. 60M · #2 region by EV

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