Kennected, which expects to book $10 million in revenue this year, has about 140 employees in the United States and India. As of mid-November, the company was bringing in just over $600,000 in monthly revenue, a figure that’s growing 10% each month.
More than half of Indiana manufacturers have implemented or are testing at least one advanced technology, according to a new report from Conexus Indiana and the Indiana University Kelley School of Business at IUPUI.
The negotiations with Eleven Fifty Academy include a potential acquisition of the coding school’s programs but are broader than that, an Indiana Wesleyan spokesperson said.
Overfuel, which had its public launch this week, is targeting small- to medium-sized independent car dealers, offering them software that helps them streamline their websites and glean more information about customers’ online activities.
The Krach Institute for Tech Diplomacy aims to educate policymakers, diplomats and others about artificial intelligence, semiconductors, quantum computing and other technologies relevant to national security and U.S. foreign policy.
Decimal, a software-as-a-service firm based in Indianapolis, has acquired the cloud-based bookkeeping business formerly owned by Big Four accounting firm KPMG.
The latest investment is the fourth major round of funding for Zylo, which was founded in 2016 and has raised more than $66.5 million to date. The company helps customers manage their software-as-a-service subscriptions.
The former executive, Mark Damer, had been terminated by financial firm David A. Noyes in 2019.
To date HG Ventures has invested nearly $200 million in a total of 30 companies, eight of which had been participants in The Heritage Group Accelerator.
The Ohio-based venture firm, which gets its funding from Indiana and Ohio companies, invests in tech startups developing products that can benefit those Midwestern investors.
Established in 2017, Woven Brands had been self-funded until now. The company’s software platform helps franchisee operators and multi-unit independent operators more easily manage their staff and operations.
Eleven Fifty co-founder Scott Jones said the school is negotiating with bidders to take over operations.
Speaking at an IBJ economic forecast event Monday, a Fifth Third Bank economist said the chance of heading into another recession is “literally a toss-up, a coin flip.”
Obasanya was living in Lagos, Nigeria, and planning to move to the United States when a LinkedIn ad for a job at Elevate Ventures caught her eye.
In its complaint, UBS accuses the defendants of using UBS resources to plan UBS client meetings that took place after the defendants had left the firm.
Docket, which launched in 2019, wrapped up its operations in September after the meetings-platform company Zoom hired its team. In 2020, Docket had won Zoom’s annual “Whale Watch” competition, scoring a $1.25 million venture investment as a result.
The high-tech approach allows a patient recovering from substance abuse to interact with potential future versions of himself or herself.
This year’s cohort for Gener8tor’s gBETA agbioscience accelerator includes companies working in everything from cold storage to aquaculture. The program wraps up later this month.
Cummins said its profitability was affected by several expenses last quarter, the largest of which was the $56 million that the company spent on a one-time bonus to employees.
Eliminating the back-office jobs in the U.S. and Canada and moving the functions overseas is expected to result in cost savings of more than $10 million per year, according to the auto auction firm.
