The new funding builds on the $18 million NICO Corp. has raised from investors since its founding in 2008. The money will help the firm conduct clinical trials, commercialize new products and expand its staff beyond North America.
Angie’s List made history Tuesday by notching its first profitable year, but the company’s shares tumbled more than 10 percent after it reported underwhelming revenue growth.
Pass Whiz, the app created by 17-year-old Zack Baker, allows students to request a pass to leave the classroom which teachers can approve or deny by tapping a button.
The 21-year-old Indianapolis-based home-services reviews and marketplace firm announced a 2015 profit of $10.2 million, up from a loss of $12 million in 2014.
Indianapolis-based Vision Tech Angels has always invested in startups born at universities, by way of invitation. Now it’s flipping the script and seeking them out.
State police say the program is necessary due to instances of sexual predators targeting young people online, as well as cyberbullying and radicalization by terrorists.
Two dozen auto insurers in Indiana already have launched at least small-scale usage-based insurance programs, according to the Indiana Department of Insurance.
Angie’s List Inc. and rival HomeAdvisor both connect consumers and service providers, but their business models are very different. That adds a complicating wrinkle as speculation intensifies that HomeAdvisor’s parent will take another run at acquiring Angie’s List.
State and local governments would be permanently barred from taxing access to the Internet under a bipartisan compromise the Senate began pushing on Thursday toward congressional approval.
Indianapolis-based Braden Business Systems plans to move to Fishers while Stanley Security will consolidate operations in the city, Fishers Mayor Scott Fadness announced Wednesday.
Todd Richardson, who helped fashion ExactTarget’s culture as an executive vice president, said he hopes to reproduce that same “kind of magic” at Fishers-based Bluebridge.
The two Indianapolis-based tech companies will exchange a variety of resources and access in a deal that’s the first of its kind for either firm.
Privately-held Biostorage Technologies Inc., which specializes in biological sample storage, has been purchased by a Massachusetts-based firm in one of central Indiana’s largest disclosed-price acquisitions of the past year.
Several local startups have popped up to capitalize on the growing interest in content marketing, defined in part by enterprise-generated blog posts, infographics, how-to videos and more.
It took former WISH-TV Channel 8 General Manager Jeff White only one trip to VisionThree’s studio to convince him to take an ownership stake in the company and spearhead sales and product development for the firm full time.
The fast-growing company, which has its technology hub in Indianapolis, plans to deploy the cash across all segments of its business.
Interactive Intelligence Group Inc. on Monday reported a loss of $3.5 million in the fourth quarter, but the financial results topped the expectations of analysts.
Former Aprimo CEO Bill Godfrey, who steered the software company to a $525 million sale in 2010, has assembled some of its other former leaders for a Carmel-based startup.
Phillip Fleitz was accused of helping send millions of illegal spam messages to U.S. and international cellphones and computers.
It’s immensely difficult for tech firms to quickly build and sell technology software or hardware without a sizable venture war chest. Nevertheless, at least a few central Indiana firms have managed to grow at a healthy pace without trading equity stakes for cash.
