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.
Technology
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GM lifts forecast as chip shortage eases, stock hits record
Shares of General Motors Co. closed at a record high Thursday after the company said its efforts to manage the global computer chip shortage have worked better than expected.
World’s top meat supplier says systems returning after cyberattack closes plants
Five of JBS’ largest beef plants in the United States ceased processing because of the attack, knocking out almost one-fifth of the country’s beef production capacity.
For first time, private virtual schools seek to accept vouchers in Indiana
The Indiana State Board of Education will consider Wednesday whether to accredit the schools, which would pave the way for them to participate in the state’s expanding voucher program.
IBJ Podcast: Chris Baggott on how he’s used innovation to disrupt industries
Chris Baggott—co-founder of ExactTarget and ClusterTruck—talks with host Mason King about what makes an idea disruptive and explains why it’s so much easier for startups, rather than established companies, to come up with innovations.
2021 Innovation Issue: Telehealth is disrupting traditional care model for doctors, hospitals
For decades, one industry—health care—has largely clung to its traditional model of person-to-person visits in brick-and-mortar buildings, even as other industries have gone virtual. It took a pandemic to disrupt everything, almost overnight.
2021 Innovation Issue: When the chips are down, manufacturers scramble
A global semiconductor shortage, driven in large part by pandemic-related factors, is forcing many central Indiana manufacturers and distributors to broaden their supply base and forecast their needs longer term, along with hoping for federal aid from the president’s infrastructure proposal.
Purdue startup signs key deal to distribute augmented reality educational products
Explore Interactive CEO Amanda Thompson said the partnership should accelerate the adoption of MindLabs products worldwide, “enabling us to nurture young learners everywhere.”
Senate eyes R&D bill to counter China, bolster chip manufacturing
What started as a pragmatic effort to boost scientific research has morphed into sweeping bill aimed at making the U.S. more competitive, including $50 billion in emergency funds to shore up domestic computer chip manufacturing.
Amazon faces antitrust case over treatment of vendors
Like its Big Tech counterparts Facebook, Google and Apple, Amazon faces multiple legal and political offensives from Congress, federal and state regulators and European watchdogs.
Judge digs into Apple app store policies as Epic trial ends
The judge who will decide a case challenging Apple’s stranglehold on its iPhone app store indicated on Monday she would like to promote more competition but without dismantling a commission system that reaps billions of dollars for the technology powerhouse.
IBJ Podcast: Sen. Todd Young on how his Endless Frontier Act could boost innovation in Indiana
David Johnson, the president and CEO of the Central Indiana Community Partnership, also joins the podcast talk about how Indiana should prepare for the act’s passage.
Online farmer’s market tech firm raises $5M, plans HQ move to Indianapolis
Carmel-based Market Wagon grew from five employees to almost 55 during the pandemic, prompting the need for more operations space. It also plans to expand from 29 to 50 markets by the end of the year.
Local tech firm OnBoard set to add more than 50 employees this year
Indianapolis-based OnBoard said it will expand its Indianapolis headquarters to accommodate staff growth as employees return to office-based work.
Another generation of Baggott seeking to make his mark with tech startup
Matt Baggott, the son of ExactTarget and ClusterTruck co-founder Chris Baggott, has wanted to run his own business as long as he can remember. Last year, the 21-year-old and two co-founders launched a promising tech company, and now it’s ready to take flight.
Apple brings CEO Tim Cook to court in defense of app store
Epic Games, maker of the popular video game Fortnite, is trying to topple the so-called “walled garden” for iPhone and iPad apps that welcomes users and developers while keeping competition out.
FTC, six states sue Frontier for delivering internet that’s too slow
Involved in the suit are attorneys general from Indiana, Arizona, Michigan, North Carolina, Wisconsin and the district attorneys’ offices of Los Angeles County and Riverside County on behalf of California.
KSM Consulting changing name, boosting employment under new owner
Now called Resultant, the firm said it plans to boost Indiana employment by 95 workers by the end of the year. It also said it would like to have offices in more than 10 cities and 1,000 employees by 2025.
AT&T signs deal to combine media biz with Discovery, create giant streaming company
The deal announced Monday would create a separate media company to serve households increasingly abandoning cable and satellite TV, looking instead at Netflix, Amazon Prime Video, Facebook, TikTok and YouTube.
Microsoft investigated Gates’ involvement with employee
Dow Jones reported that Microsoft’s directors found Bill Gates’ involvement with the female employee to be inappropriate and decided last year that he had to step down from the board, citing people familiar with the matter who were not identified.