AI, IPOs expected to boost venture funding activity in 2025
After a lackluster few years for venture investing activity, observers expect to see improvement in 2025, both nationally and in Indiana.
Susan Orr
Articles
Is the run of bank branch closures ending? Maybe.
Even in the era of online banking, banks say they still value the physical location, and several are making significant investments in expanding and improving their branch networks.
Manufacturers weigh potential impact of Trump tariffs promise
Incoming President Donald Trump’s pledge to impose tariffs on goods from Canada and Mexico has caught the attention of Indiana companies, which stand to experience a significant impact if new or expanded tariffs are imposed.
Purdue, Sports Tech HQ joining forces to help startups, create career opportunities
Purdue can offer research and technical expertise that sports tech companies may need as they develop their products. Likewise, these companies may create internships and job opportunities for Purdue students and graduates.
National Bank of Indianapolis partners with New Direction Church on east-side effort
The National Bank of Indianapolis and New Direction Church announced a partnership that’s designed to support economic development and access to financial services along the East 38th Street corridor.
IU Indianapolis professor uses AI tool to create opera
“Lexia: An AI Opera” was created in collaboration with the AI-powered tool Avatar, developed by IU Indianapolis faculty members Scott Deal and Jason Palamara.
Indianapolis manufacturer Aurorium names new CEO
Longtime Indianapolis-based chemicals manufacturer Aurorium, which did business as Vertellus until a rebranding last year, has promoted Faye Freeman to CEO.
Rebounding banks see tailwinds ahead
After a tough 2023, most publicly traded banks in the Hoosier state have seen at least a partial rebound in their stock prices this year.
Rally pitch contest winner secures $5M investment as asthma test awaits approval
MyBiometry, a Massachusetts-based health technology firm that was one of five winners of the Rally IN-Prize pitch contest last year, has secured $5 million in seed funding and hired its first Indiana employees.
Anderson-based credit union opening Martin University office
Anderson-based Lampco Federal Credit Union has formed a partnership with Martin University and plans to open a part-time office at the Indianapolis school within weeks. It’s part of Lampco’s broader push to gain members in Marion, Hamilton and Hancock counties.
Old National to acquire Minnesota bank in $1.4B deal
Wall Street appeared to welcome the deal. Shares of Evansville-based Old National were trading at $23.30 shortly after 11 a.m. Monday, up 7.6% from Friday’s closing price.
Sales-tech firm Kennected facing lawsuit from creditor
Ultimo Global Holdings LLC alleges that the company has defaulted on a $1 million promissory note.
Q&A with entrepreneur and investor John Thompson: ‘I’m a portfolio guy’
John Thompson is currently invested in a handful of companies, including Metaimpact, MakeMyMove and Scale Computing, all based in Indianapolis, and Spokenote, which is based in Fishers.
Chicago Fed president weighs in on interest rates in Indianapolis visit
Federal Reserve Bank of Chicago President Austan Goolsbee said he supports additional interest rate cuts—although he also said it’s difficult to determine the ideal rate.
New software-industry survey shows signs of optimism amid tech slump
The 2024 SaaS Benchmarks report, released this week by Indianapolis venture studio High Alpha, offers some reasons for optimism in the software-as-a-service sector amidst the ongoing tech slump.
U.S. economy should continue growing in 2025, economist says
The U.S. economy is strong and should continue to grow next year, Fifth Third Bank Chief Investment Strategist Tom Jalics said at IBJ’s 2025 Economic Forecast breakfast Thursday.
Indianapolis entrepreneurs launch AI training firm Pragmatico
Pragmatico, co-founded by Santiago Jaramillo, Rod Feuer and James Paden, offers hands-on workshops to help both beginners and advanced users effectively use AI in their organizations.
AT&T offering $5,000 reward after copper theft causes outages
AT&T said it is collaborating with the Indianapolis Metropolitan Police Department and the Shelby County and Brown County sheriff’s departments to address the issue.
Made in Indiana: Shock absorbers and struts by KYB Corp.
History: The company now known as KYB Corp. was established in Japan in 1919 by Shiro Kayaba and originally did business as Kayaba Research Center. The company initially made hydraulic dampers for aircraft but has since expanded into other items. It now also makes automobile and motorcycle shock absorbers, industrial hydraulic equipment and even seismic […]
Accounting firm KSM announces move to new nearby office
Indianapolis’ largest accounting firm said its move to a new office within the same 96th Street business park will give it a chance to reconfigure its workspace to fit the realities of the post-pandemic office environment.