Carmel startup uses technology developed by NASA in 1960s
Ian Hamilton launched Atlas Energy Systems LLC in 2013, repurposing the space-race technology into thermionic energy converters.
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High Alpha portfolio company launches with $1.5M in seed funding
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.
Florida agtech firm aims to profit from Indiana corn waste
Naples, Florida-based Cormo USA is is set to make its mark in the world of peat moss, and the agricultural technology firm thinks Rushville is the place to do it. The company projects local employment will hit 250 by 2025.
Salesforce analyst jumps into matchmaking fray with new dating site
Dating web sites are notorious for being clogged with questionable characters exhibiting bad online behavior. Aeyai Saengkeo is launching Good Apples Dating to address that problem.
Startup aims to provide digital ‘Green Book’ for minority travelers
LaToya Johnson launched AwayZone, which she describes as a kind of digital Green Book, in Indianapolis in late 2017. She already has commitments from dozens of corporations to pay for monthly subscriptions to be a part of the app and has a plan to boost revenue to $4.1 million by 2022.
Purdue tech startup lands $6.9M grant from Department of Energy
A Purdue University-affiliated startup recently received a $6.9 million grant from the Department of Energy to develop a system to predict when nuclear reactor components need maintenance or replacement before they fail and cause power outages.
Elevate Ventures launches ‘pre-accelerator’
Elevate Origins will offer online classes and on-site gatherings to help entrepreneurs prepare to seek investments or participate in pitch competitions.
Indy-based AI firm raises $700,000
The round was led by Johnson City, Tennessee-based The Angel Roundtable and included participation from Elevate Ventures and four other investors, who were all involved in previous rounds.
Tech firm’s device helps fetch Fido
As a former police officer, Jordan Hetlund knows the value of keeping track of police dogs that can represent a five-figure investment for cities and towns. As a dog-lover, the native Hoosier knows how precious pet dogs and cats are to their owners. So in 2017, he founded Indianapolis-based Furtrieve LLC and spent a year developing a device that helps track the whereabouts of domestic animals.
Indy startup Zylo raises $22.5M to boost marketing, workforce
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.
Carmel entrepreneur invents headphones to treat anxiety, depression
The device, manufactured in Singapore, won a Mira Award earlier this year for Innovation of the Year, and now its creator said he’s winning over doctors and medical providers with his invention.
Self-funded firms take all the risk, all the rewards
Venture capital is supposed to be the lifeblood of fast-growing tech startups. But a handful of Indianapolis-area companies are defying that widely embraced mindset.
Tech firm FuseMe could make paper resumes obsolete
The company, which has created software that allows job candidates to forward recruiters their resume and other information by simply holding their smart phones next to each other, recently closed on a seed round of funding and is planning a national expansion.
Elevate Ventures’ startup investments at pivotal point
After nine years of managing the state’s investments in startups, the not-for-profit Elevate Ventures has had some wins, but more losses—as measured by the number of companies that paid back at least as much as they took in.
Kerauno makes acquisition, continues growth spurt
Kerauno, an Indianapolis-based maker of communications-workflow software, this week announced the acquisition of Inverse-Square, a locally based custom software development firm. And the acquisition won’t likely be Kerauno’s last, maybe not even this year.
Don’t sink your startup by creating a product in a vacuum
Entrepreneur Max Yoder failed out of the gate when he launched his first company. No, not Lessonly, the training software firm that is still growing seven years after he co-founded it with the folks who created the High Alpha venture studio. Yoder’s first company was Quipol, which offered a social polling product that he worked on […]
Carmel firm pioneering software designed to give drones digital license plates
Many within the unmanned aircraft industry think identification technology such as that made by Carmel-based Pierce Aerospace is the last piece needed for companies like FedEx and Amazon to start using drones to deliver packages to doorsteps.
Startup claims breakthrough in gauging pain
MindX founders think they’ve found a scientific way to measure pain and other hard-to-quantify mental health conditions, such as suicide risk, depression and post-traumatic stress disorder.
Local company seeks to make Midwestern fans of kombucha, which is trendy on coasts
Indianapolis-based beverage maker Circle Kombucha wants to sell its signature product—carbonated, fermented tea—throughout the Midwest.
Startup accelerator seeks locations to expand statewide
Wisconsin-based Gener8tor, which seeks to helps fledgling companies boost revenue and grow jobs, said it’s one-year pilot program in Indianapolis was so successful that it wants to spread its services to additional Hoosier communities.