Innovation 2025

The company—which provides tool sto pharmaceutical scientists and engineers—is projecting to reach $48 million in revenue within five years.

Founders: John Foglesong, Sanket Mishra, Brian Blagg Established: 2021 Top executives: John Foglesong, CEO and president Daniel Flynn, chief strategy officer Michael Rafferty, head of preclinical development Sanket Mishra, vice president of research Equity raised: $1 million seed round, $800,000 and $1 million from two bridge rounds, $700,000 Small Business Technology Transfer grant (non-equity) from […]

Founders: Jean Ross, Jim McIntosh Established: 2020 Top executives: Jean Ross, CEO Jim McIntosh, head of product Dr. Chris Ross, chief medical officer Equity raised: $1 million pre-seed round that closed in December 2023 2024 revenue: less than $20,000 Projected 2025 revenue: more than $250,000 Employees: 3 Location: Fishers Affiliations: none Patents: none What does […]

Adipo is developing a new approach to obesity treatment that converts subcutaneous white fat into healthier, energy-burning brown fat.

Founders: Michael Burton, Bobby Tichy Established: 2022 Top executives: Michael Burton, CEO Brian Montminy, chief operating officer Bobby Tichy, chief solutions officer Stephen Rosenfeld, chief innovation officer Equity raised: did not disclose 2024 revenue: did not disclose Projected 2025 revenue: did not disclose Employees: more than 100 Location: Indianapolis. However, more than half of the […]

Venture capital is the lifeblood of most startups and later-stage companies in growth mode. But much of the nation’s VC funding is concentrated in just a few places, which experts say makes it harder to raise money in the Midwest. Across the country, venture funds have raised less money since pandemic highs, which means the […]

Founder: Nick Gunady Established: 2023 Top executives: Nick Gunady, CEO Thomas Chen, chief technology officer Daniel DeLaurentis, chief scientist Equity raised: $1 million pre-seed round 2024 revenue: $227,000 Projected 2025 revenue: $1.1 million Employees: 5 Location: West Lafayette Affiliation: Purdue University Patents: The company’s technology is based on research by founder Nick Gunady with a […]

Precision Care’s technology provides physical therapists, chiropractors, athletic trainers and others with precise, quantifiable data related to soft-tissue manipulation.

Backstroke provides a platform that helps business-to-consumer companies use generative artificial intelligence to create marketing messages for email, text and mobile notifications.

Tenon is a marketing-automation and marketing-work-management platform built natively on ServiceNow.

Founders: Liane Hart, Brian Kopp, Scott Baxter, Hadi Shafiee Established: 2018 Top executives: Liane Hart, CEO Brian Kopp, chief financial officer Hadi Shafiee, inventor and technical adviser Scott Baxter, chief product officer Equity raised: $100,000 pre-seed round, $100,000 seed round, $4 million Series A round 2024 revenue: none Projected 2025 revenue: none Employees: 4 Location: […]

3Aware is a technology company that helps medical-device makers generate the clinical evidence they need for development and approval.