According to documents filed with the SEC, Arcadia Power, Inc. — based in Washington, D.C. — launched a new round of debt financing on Jan. 9.
The company intends to raise as much as $7,000,000 and reports having raised $5,500,000 thus far. The documents were filed with the SEC on Jan. 24.
View the filingThe org’s accelerators are ending, but its for-profit spinoff will still offer networking and matching without disruption, leaders say.
The federal SBIR grant will support upgrading the Pittsburgh space startup’s Xodiac and Xogdor vehicles.
From logistics to software to biotech, founders across the region are tackling healthcare’s hardest problems by focusing on real workflows, long timelines and patient impact.
Plus, the Science Center announced its ninth Capital Readiness cohort, meet the winners of Hopeworks’ young entrepreneurs pitch competition and more power moves.
Partnerships with giants like Eli Lilly and Thermo Fisher Scientific put biotech in the spotlight again, though founders still struggle to find investments in their hometown.
Mindframe, which offers an AI-powered behavioral health platform, plans a 2026 HQ launch in tandem with a capital raise.
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