PITTSBURGH \u2014 During the second quarter of 2026, $70.15 million was invested in 17 Pittsburgh technology companies, fueled by two eight-figure rounds.<\/p>\n
Gray Swan AI raised $40 million, and Hellbender raked in $12.5 million during the three months ended June 30, according to the quarterly PitchBook<\/a>-NVCA Venture Monitor, released early on July 9. NVCA is short for National Venture Capital Association.<\/p>\n Gray Swan is an AI safety startup launched in 2024 <\/a>by researchers at Carnegie Mellon University<\/a>. It develops tools for AI companies to assess the risks of their systems before deployment.<\/p>\n Hellbender is an AI infrastructure company that develops and manufactures computer vision products<\/a>.<\/p>\n Click here to read more from our partners at the Pittsburgh Business Times. <\/a><\/p>\n Download the FREE WPXI News app<\/a> for breaking news alerts.<\/p>\n Follow Channel 11 News on Facebook<\/a> and Twitter<\/a>. | Watch WPXI NOW<\/a><\/p>\n TOP STORIES FROM CHANNEL 11 NEWS <\/p>\n Woman accused of going over 100 mph, DUI in deadly crash on Liberty Bridge<\/a>Heavy rain, storms possible Friday afternoon; flooding remains concern<\/a>Track the rain, storms with our Interactive Radar <\/a>What you need to know about the Commercial Street Bridge Replacement, upcoming Parkway East closure<\/a>Flames damage house in West Newton<\/a><\/p>\n \u00a92026 Cox Media Group<\/p>\n