Carmel tech firm Lumavate raises $3M in growth capital
The software-as-a-service firm has raised $10 million in growth capital since being founded in mid-2015, company officials said.
Tech Executives
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Lawsuit claims former ClearObject owners overstated revenue projections by millions
Egis Capital Partners and ABS Capital Partners claim several high-profile ClearObject executives, including CEO John McDonald, deceived them about how much revenue and profit the company was projected to make.
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Tech exec sees ‘newbie’ status as political asset
Democratic gubernatorial candidate Josh Owens, the 34-year-old CEO of tech firm SupplyKick, has never held elected office. But he doesn’t consider that a bad thing.
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Articles
Carmel-based Rook Security acquired by English firm
Rook Security, an 11-year-old firm that specializes in cyber-threat detection and response services, had been on a torrid growth pace for most of this decade but has downsized its workforce more than 60 percent over the past three years.
2019 Innovation Issue: The data scientists behind AI
Three data science experts spoke with IBJ about the benefits—and difficulties—associated with the practical use of artificial intelligence.
Upstart software firm plans 75 jobs at new downtown HQ
A software-as-a-service firm founded last year under the wing of Indianapolis-based venture studio High Alpha announced Tuesday that it plans to spend $1.4 million to establish a downtown headquarters.
IBJ Podcast: A startup’s journey from idea to pivot to series A fundraising
120WaterAudit co-founder and CEO Megan Glover talks to host Mason King about the challenges of raising money and whether being based in Indianapolis helps or hurts those efforts. Her answer may surprise you.
IBJ Podcast: Why tech execs bought The Vogue in Broad Ripple
High Alpha’s Eric Tobias talks with podcast host Mason King about what he and two other tech execs plan to change at the 81-year-old venue (think glass barware and a larger green room)—and what they think the club is already doing well.
Broad Ripple’s Vogue nightclub acquired by trio of tech executives
Broad Ripple’s historic nightclub has its first new ownership since 1986. The new owners plan to maintain the Vogue as a live-music venue while expanding into other types of programming.
IBJ Podcast: Lessonly’s Max Yoder on teamwork, vulnerability and how they’re connected
The tech firm CEO says his new book—“Do Better Work: Finding Clarity, Camaraderie, and Progress in Work and Life”—is about being a great teammate.
Sticksnleaves co-founders land funding for new tech firm
Entrepreneurs Yaw Aning and Anthony Smith are thinking big with their latest company, which was launched out of "stealth mode" Tuesday with an announcement that it raised $600,000 in early venture funding.
Local tech startup aims to reinvent currency exchange market
An Indianapolis-based startup is aiming to reinvent the currency exchange market by connecting international travelers directly to the currencies they need.
Founder sells tech firm Studio Science to investment group
More than 20 years after founding his tech consulting and development firm Studio Science, Kristian Andersen has sold the company to a group of investors led by CEO Steve Pruden.
Are too many tech firms seeking ‘Goldilocks’ employees, rather than developing pipelines?
Given the talent shortage in Indiana and nationwide, companies must learn to "build capacity internally," TechPoint CEO Mike Langellier told a crowd at IBJ's Technology Power Breakfast on Friday.
In new book, Lessonly’s Max Yoder urges bosses, employees to ‘be vulnerable’
“We clearly don’t have all the answers, but sometimes we posture as though we do,” Yoder tells IBJ. “And when we do that, we really can decrease the amount of communication on the team.”
Q&A: McDonnell builds pathway for computer science education
Codelicious currently has 14 schools as customers, but founder Christine McDonnell is confident that will grow dramatically as the trend toward requiring computer science education expands.
Marketing tech firm moves HQ from Arizona to Indy
Lev—formerly Levementum—has a close relationship with Salesforce, which maintains its marketing cloud unit in Indianapolis. Lev established offices here in 2016 and plans to add 70 employees this year.
Amazon’s Bezos: Enquirer threatened to publish revealing pics
Amazon CEO Jeff Bezos says he was the target of “extortion and blackmail” by the publisher of the National Enquirer, which he said threatened to publish revealing personal photos of him unless he stopped investigating how the tabloid obtained his private exchanges with his mistress.
Apple replaces Indiana native in charge of retail operations
Angela Ahrendts, who was born and raised in New Palestine in Hancock County and received her undergraduate merchandising and marketing degree from Ball State University, spent five years overseeing Apple's 506 retail stores and e-commerce operations.
Apple opens new chapter amid weakening iPhone demand
CEO Tim Cook is grappling with his toughest challenge since replacing co-founder Steve Jobs seven-plus years ago. Even as he tries to boost iPhone sales, Cook also must prove that Apple can still thrive even if demand doesn't rebound.
Tech lobbying group focusing on talent, capital, place at Indiana Legislature
The goals for the Indiana Technology and Innovation Association—which includes members from more than 100 companies, from startups to major players such as Salesforce and AT&T—boil down to getting more high-skill workers here and finding more venture capital dollars for companies.
Scott Jones is back in town determined to make his mark—again
After nearly four years away from Indiana, local tech luminary Scott Jones has returned to central Indiana. And he’s returned with gusto, supercharging Eleven Fifty Academy and helping advance a life-sciences company he says can “transform medicine on multiple fronts.”