The Allos III fund has already invested in eight technology companies, and Allos officials said the fund could invest in up to 30 across the Midwest.
High Alpha on Tuesday announced the startup of Relay, which makes software designed to help citizens connect more easily with police departments for non-emergency calls.
Giving away your product is not usually considered an ideal business model. But a growing number of software firms are doing just that.
Indianapolis-based accounting firm Somerset CPAs said its new tech company, Somerset Cloud, is on a path to go national.
Indiana tech companies made a major haul in venture and growth funding in 2019, scoring a 260% increase over 2018, according to TechPoint, a statewide tech industry advocacy group and accelerator.
Ian Hamilton launched Atlas Energy Systems LLC in 2013, repurposing the space-race technology into thermionic energy converters.
Lev added 92 employees in 2019, exceeding the goal of 70 new hires that it set when it announced the move of its headquarters to Indianapolis in February 2019.
Docket, a software-as-a-service firm, announced the completion of a $1.5 million seed round led by locally based Allos Ventures, with participation from High Alpha Capital, Elevate Ventures and Simon Equity Partners.
Chicago-based venture capital firm M25 on Tuesday announced the opening of an Indianapolis office and the hiring of Launch Indy Executive Director Katie Birge to open the office.
Indiana is positioning itself to be the epicenter for the latest generation of wireless technology, which experts say will be revolutionary.
The partnership unites Pierce Aerospace’s remote identification technologies and DroneDek’s patented last-mile logistics offering, including a drone mailbox system.
In one of the year’s highest-profile tech deals, two out-of-state private equity firms took a majority stake in Fishers-based tech company ClearObject, which for years has ranked among the fastest-growing firms in the Indianapolis area.
In August, GateHouse Media, a chain backed by an investment firm, announced it was buying Virginia-based USA Today and Gannett Co., which owned The Indianapolis Star, for $12.06 a share in cash and stock, or $1.4 billion. The deal closed in November.
There were some surprising tech developments this year in the central Indiana market. Synovia Solutions’ and Sigsters’ acquisitions come to mind. What’s not surprising is the change that continues to shape this sector. Like the evolution of technology itself, the stream of startups, pivots, mergers and acquisitions this year—like most—came fast and furious.
Intelligent Fiber Network has spent the last 18 months rebranding—including a name change that telegraphs its growth plans—and ramping up its marketing.
Boynton, an IUPUI computer science student and entrepreneur, was asked to go to Mongolia this fall as part of the U.S. Speaker Program.
Indiana State University is at the forefront of the increasingly complicated and important world of packaging. It’s one of seven colleges in the U.S. to offer a four-year degree in package engineering technology.
Mimir Corp., a five-year-old Indianapolis-based educational technology company, announced Tuesday it has been acquired by Silicon Valley-based HackerRank. The California-based buyer said it would retain Mimir’s employees and grow its presence in Indianapolis.
Sigstr, which sells software that enables companies to leverage employee emails for marketing purposes, is expected to maintain—and grow—its Indianapolis presence under the Terminus name, company officials said.