Brief, global internet outages blamed on software bug
A software bug at a major network provider briefly knocked dozens of financial institutions, airlines and other companies across the globe offline during peak business hours on Thursday.
Software
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Indy-based software firm receives massive $120M investment to foster growth
The announcement comes five months after the company introduced its new product Halo, which uses artificial intelligence to make recommendations related to the quality of medical devices.
Local software firm Authenticx lands $7.5M in growth capital
The Carmel-based business communications software company said the new funding will be used for ongoing product development and to boost hiring.
Fishers-based software firm Emplify acquired for $50 million
San Francisco-based human resources software company 15Five Inc. said the acquisition of Emplify further boosts its employee-engagement and manager-enablement software platform.
Marketing tech firm ActiveCampaign lands $240M in investment capital
Chicago-based ActiveCampaign hasn’t realized the type of employment growth it projected in Indianapolis when it opened its local office two years ago. Company officials, however, emphasized this week that they still have big plans for the Indy office.
Fast-growing local software firm Encamp raises $12M in capital
Encamp, which makes and markets software that helps customers manage environmental data and the forms required for local and federal compliance, has now raised a total of $17.2 million. The most recent funding round was led by Boston-based OpenView with participation from High Alpha Capital and Allos Ventures—both of Indianapolis—and Bloomington-based IU Ventures.
Local educational technology firm projects major growth with new partnerships
Despite the pandemic, Cloverdale-based educational software company Standard for Success saw solid—and somewhat surprising—growth last year, and the firm’s founders project strong double-digit growth this year.
Startup pushes social media app meant to keep things local
Indianapolis-based Plug aims to connect people professionally and socially through a single app and offer features no other network does. Co-founders Landon Price and Cesar Paz are as unique a pairing as their startup firm’s hyperlocal focus.
New tools empower non-techies to build variety of digital apps
The no-code/low-code movement gives people with little to no programming experience the power to create websites and digital apps, sometimes in just hours or days.
Local tech firm PactSafe acquired by San Francisco company
PactSafe Inc., an Indianapolis-based tech firm that offers clients a cloud-based contracting platform, was founded in 2012 and has 40 employees.
120Water on growth tear, closes on $4.5M funding round
The fast-growing Zionsville firm plans to hire 157 additional workers by the end of 2022, company officials told IBJ this week.
Local podcast platform startup Casted receives state tax credit, plans to grow staff
Casted plans to invest $425,000 and hire 62 more workers, which led the Indiana Economic Development Corp. to offer it up to $1.2 million in tax credits.
Pharmacy-automation software firm planning to hire 420 in Indiana
The New York-based firm plans to lease 10,655 square feet on the 15th floor of the 8888 Keystone Crossing office building in Indianapolis for its local operations.
Digital marketing firm plans 224 jobs in Indy, just months after acquiring local startup SmarterHQ
Wunderkind Corp., a digital marketing company that was known as BounceX until last year, said it would co-locate its operations with SmarterHQ, which continues to maintain its own branding, at 9102 N. Meridian St.
Terminus planning 200 jobs in Indianapolis after $90M funding round
Atlanta-based Terminus Software Inc. entered the Indianapolis market in December 2019 with the acquisition of email-marketing software firm Sigstr.
California-based SaaS firm plans to hire 150 workers for new Indy office
Celigo, which makes software that helps companies automate business functions and IT services, already employs 17 Hoosiers who work remotely.
Innovatemap acquires Carmel-based web development firm, opens New York office
With six new hires, the company—founded in 2014—now has 26 employees. The staff size will increase to 28 when the company adds two Orr Fellows in June.
AI-driven software startup plans 51 new jobs as part of expansion
Catipult.AI, which is now located at 55 Monument Circle, said it will invest $2.6 million to expand its operations, including a move to a larger but yet-to-be determined space.
Allegion acquires internet-of-things firm as part of effort to diversify
Allegion Senior Vice President Vince Wenos told IBJ there’s more to the acquisition of Yonomi than meets the eye, and it will have a significant impact on Allegion’s future direction as well as its operations globally and in Indiana.
Ed-tech startup aims to identify student challenges
Invoke Learning offers a cloud-based artificial intelligence system that tracks student behavior from a variety of data sources gathered from the school and other publicly available outlets.