Marketing tech startup Backstroke lands $2.8M investment
Indianapolis-based marketing tech startup Backstroke Inc. has raised a total of $4.8 million in outside investment since its launch in 2024.
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More Hoosier emergency responders activated for Texas flood help
Dozens more first responders from Indiana’s Task Force One team have deployed to Texas to help with search and rescue efforts, and they got there with the help of a Carmel company’s CEO.
New federal rules upend rural broadband initiative
Late-stage changes to a program meant to expand high-speed internet into rural and hard-to-serve areas have left Indiana providers scrambling to decide whether to rework their proposals to meet new rules and reapply for funding ahead of a September deadline.
Fishers-based Robosource scores funding from Tim Tebow’s investment firm
Robosource is set to launch its first software product, a tool called Process Coach, in October with help from the round of investment funding.
Thousands of Outlook users report issues accessing their email
Microsoft 365’s status page first said that it was investigating an issue with Outlook on Wednesday night.
Job scams are rising and more people are falling for them, FTC says
Losses are underestimated because many people don’t report their experiences of job scams to law enforcement or government trackers.
Chipmaker Nvidia becomes most valuable company in world at $4T
The poster child of the AI boom, Nvidia has surpassed Microsoft, Apple, Amazon and Google parent Alphabet in market value.
Data center projects facing local pushback
Four data center proposals in the Indianapolis area are facing a dynamic that’s emerging here and elsewhere: The operators working to build data centers here vs. the neighbors trying to stop them.
Microsoft announces another mass layoff, thousands of workers affected
In May, the company also laid off about 6,000 workers, its largest job cuts in more than two years, as the company spent heavily on artificial intelligence.
Documents reveal Google as company behind proposed Indianapolis data center
The name of the company has been hidden while the proposal to rezone more than 460 acres for a massive data center campus on the southeast side moved through official channels.
Senate strikes AI provision from GOP bill after uproar from states
Proponents of an AI moratorium had argued that a patchwork of state and local AI laws is hindering progress in the AI industry and the ability of U.S. firms to compete with China.
Judge allows antitrust lawsuit against Apple to proceed
A federal judge on Monday rebuffed Apple’s request to throw out a U.S. government lawsuit alleging the technology trendsetter has built a maze of illegal barriers to protect the iPhone from competition and fatten its profit margins.
IU still dealing with weekslong website outages
Reports indicate the outages have been affecting sites across the Indiana University system for more than a week.
Pittsboro residents ask court to halt planned Hendricks County data center
Pittsboro officials annexed the property into the town late last year. In March, Pittsboro’s town council unanimously approved Vantage’s request to rezone the land.
Formstack rebrands, relocates from Fishers to Colorado
Workplace-productivity software company Formstack was once one of the fastest-growing tech companies in the area and landed a state-record growth investment. Now, it has a new name and most of its operations are in Denver.
Amid ongoing Elevate Ventures funding freeze, some companies approved for investments
Also, at Wednesday’s meeting, the IEDC board’s entrepreneurship committee updated the investment policy for the Indiana Angel Network Fund III LLC—the investment fund managed by Elevate Ventures through which the SSBCI money flows.
IEDC board approves incentives for four planned data center projects
The Indiana Economic Development Corp. estimates that the data center incentives are worth an estimated $168 million in total tax savings for the combined projects over the next 35 years.
Judge dismisses authors’ copyright lawsuit against Meta over AI training
Although Meta prevailed, the judge repeatedly indicated reasons to believe that Meta and other AI companies have turned into serial copyright infringers as they train their technology on books and other works created by humans.
Job recruiting site CareerBuilder + Monster declares bankruptcy
Once the heavyweights of job-recruiting websites, CareerBuilder and Monster filed for Chapter 11 protection Tuesday, almost one year after merging.
IBJ wins 10 awards, Mickey Shuey named Journalist of the Year
The awards from the Alliance of Area Business Publications covered reporting, design and podcasts published in 2024.