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Hellbender Raises $12.5M In Seed Funding Round
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Hellbender Raises $12.5M In Seed Funding Round
Hellbender, a Pittsburgh, PA-based Physical AI infrastructure company founded in 2021, closed a $12.5 million seed funding round. This marks its first traditional venture capital raise (prior funding was limited, including smaller amounts like ~$700K noted in some profiles, plus debt and operational revenue growth). Hellbender’s $12.5 million round was co-led by local firm Magarac Venture Partners and Veredas Partners, with participation from Ma…
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