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.
Selfless.ly Inc. announced plans Thursday to grow operations significantly over the next four years as it expands operations in downtown Indianapolis.
Indianapolis-based software and service Parker Technology LLC said the series seed funding round was led by Elevate Ventures and several local investors.
Edify Labs Inc., a contact-center software firm founded in Carmel a year ago, announced Tuesday that it has raised $10 million in seed funding in one of the largest funding rounds of its type this year.
Zylo is a software-as-a-service company that helps enterprises manage other SaaS subscriptions. It was launched out of High Alpha Studio, the Indianapolis-based startup and venture firm.
Fishers-based tech firm Formstack is growing so fast, it’s considering opening a second local office, possibly in downtown Indianapolis. Formstack has made four acquisitions in eight months and five in 20 months and now has 200 employees and offices in multiple states. Company officials say there are no plans to slow the growth.
Doxly, which helps clients collect and manage legal documents through a cloud-based platform, has been purchased by Litera Microsystems, a growing provider of document-management software.
ClearObject, a Fishers-based tech firm, this week rolled out its latest product and announced a new partnership with computing giant IBM that company officials said will help significantly grow their business.
Founded in 2017, Boardable plans use the investment on talent, product development, marketing and sales—with the goal of doubling employment by the end of the year.
The software as a service—or SaaS—market is going gangbusters.
The Series A round was led by New York City-based Tenfore Holdings, with contributions from existing investors Mentor’s Fund of Redwood City, California, and McLean, Virginia-based UpOver Ventures.
The communications-workflow software is super-charging its growth with what many believe is a record haul of venture capital, in the form of a $25 million Series A round of funding.
The investment round was led by Edison Partners. Funds will be used to advance new product development and enterprise market adoption, Sigstr officials said.
It’s the first round of growth capital secured by the company, which focuses on human resources-related software-as-a-service products.
The Indianapolis medical-software firm recently raised $10 million in venture funding and is launching two major products in one month.
Both chambers of the Indiana General Assembly and Gov. Eric Holcomb are back on the same page when it comes to advancing a bill this session regarding the taxation of cloud- or subscription-based software.
The newest portfolio company for the venture studio is called Zylo. It helps enterprises track all of their software subscriptions.