How much funding has Carnegie Foundry raised?

Carnegie Foundry has disclosed $10.3M raised across 1 round.

Where is Carnegie Foundry headquartered?

Carnegie Foundry is headquartered in Monroeville, US.

Carnegie Foundry

Monroeville, US · Pennsylvania LLC

Find your way into Carnegie Foundry

178 people in our graph share verified history with the Carnegie Foundry team — schools, employers, funds. One of them is your warm intro.

Sara DeAmicisunlockedknows Edward Ovando · together at SUNY Brockport (overlapped)

×4knows the team · via Penn State University

×2knows the team · via SUNY Brockport

×5knows the team · via Xerox Corporation

Carnegie Foundry is a venture capital firm focused on seeding early-stage robotics and automation startups based in Pittsburgh, addressing the funding gap for hardware-driven industrial robotics companies. The firm targets startups across industries including warehouse automation, autonomous vehicles, agriculture, healthcare, energy, and manufacturing.

AI & Machine Learning Deep Tech Enterprise Software Hardware Robotics

Founders & leadership

Edward Ovando inChief Product OfficerEdward Ovando held technical and product leadership roles at large technology companies working on machine learning, cloud platforms, and AI systems, and previously founded or helped establish ventures. He now serves as Executive Officer at Carnegie Foundry, a venture capital firm investing in early-stage robotics and automation startups.

Michael LutzkyNamed on SEC filing

Anton PappNamed on SEC filing

Jean-Francois LegaultNamed on SEC filing

Karl Sanchack inChief Operating Officer & TreasurerExecutive Officer, Director, Promoter at Free Space Robotics

Robert J SzczerbaNamed on SEC filing

Richard L. Fruehauf inChief Venture Officer & General CounselExecutive Officer at United States Steel

Board

Jay LyengarInvestor Board Representative

Kevin LewisInvestor Board Representative

Herman HermanBoard director

Reported raises · per SEC filings

Form D private placements

$10.3M disclosed across 1 round · 2021

▶$10.3MraisedMar 2026 · 3 investors · Other Technology

Rule 506(b)

Officers, directors & promoters on the filing

Michael LutzkyExecutive Officer, Promoter
Edward OvandoExecutive Officer
Anton PappExecutive Officer, Promoter
Jean-Francois LegaultDirector, Promoter
Karl SanchackExecutive Officer, Promoter
Jay LyengarDirector
Robert J SzczerbaExecutive Officer, Director, Promoter
Kevin LewisDirector
Richard L. FruehaufExecutive Officer, Promoter
Herman HermanDirector

Offering amount: $20M
Amount sold: $10.3M
Minimum investment: $250K
Proceeds to insiders: $10K
First sale: Jun 2021
Incorporated: Limited Liability Company, Pennsylvania
Federal exemptions: 06b

Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Competitors · 1

by search overlap

The Foundry24 shared keywordsThe Foundry is a medical device incubator that identifies unmet clinical needs and builds companies around new technologies to address them, working with physician collaborators to develop products from concept to market. It operates a facility with office space, R&D and wet labs, chemistry development, a machine shop, and a clean room.

Companies competing with Carnegie Foundry for the same Google search keywords, organic and paid, via search-intersection analysis.

In the news

Shapiro Administration Highlights 2026-27 Budget Investments in Innovation Economy Secured in 2026-27 Budget During Visit to Carnegie Foundry at CMU’s Robotics Institute in Pittsburgheinpresswire.com · Aug 2026

Carnegie Foundry showcased by Shapiro administration in Announcing "Innovate in PA 2.0" - Carnegie Foundrycarnegiefoundry.com · Aug 2026

Carnegie Foundry Launches Thryve Labs to Transform the $500B+ Caregiving Economy with AI - Carnegie Foundrycarnegiefoundry.com · Aug 2025

Carnegie Foundry Launches Carnegie Capital Partners to Accelerate Early-Stage Investment In Autonomous Robotics - Carnegie Foundrycarnegiefoundry.com · Feb 2023

For industrial corporates, innovation can be hard to come by. Enter: Carnegie Foundry - Technical.lytechnical.ly · Feb 2022

Frequently asked questions

What does Carnegie Foundry do?: Carnegie Foundry is a venture capital firm focused on seeding early-stage robotics and automation startups based in Pittsburgh, addressing the funding gap for hardware-driven industrial robotics companies. The firm targets startups across industries including warehouse automation, autonomous vehicles, agriculture, healthcare, energy, and manufacturing.
How much funding has Carnegie Foundry raised?: Carnegie Foundry has disclosed $10.3M raised across 1 round.
Where is Carnegie Foundry headquartered?: Carnegie Foundry is headquartered in Monroeville, US.