ClusterTruck spins off its software platform into a standalone business
The spinoff, Empower Delivery, is targeting independent restaurant chains that have between five and 50 locations in a market but haven’t yet gotten into delivery in a big way.
Susan Orr
Articles
Tech startup led by Scott McCorkle lands $5.1M in angel funding
Indianapolis-based tech startup MetaCX, a High Alpha portfolio company, has attracted more than $30 million in investment since the company’s launch in 2018.
Product-liability lawsuits against 3M can proceed, Indianapolis judge rules
Indianapolis-based Aearo Technologies LLC’s recent bankruptcy filing won’t shield its corporate parent 3M Co. from the massive flood of product-liability lawsuits over Aeros’ military earplugs, a judge has ruled.
Q&A with Dan Tashnek, who moved his California tech startup to Indy
Prevounce Health already had two remote employees here, and the central location and business-friendly climate were appealing. The company moved here in October, taking office and warehouse space on Post Road.
Indiana Landmarks to identify Black heritage sites
Thanks to a recent $5 million Lilly Endowment Inc. grant and other financial support, Indiana Landmarks is expanding its boundaries beyond just preserving buildings.
New (Ind)Venture collaboration features three local VC events
The Venture Club of Indiana, TechPoint, 50 South Capital and Elevate Ventures are hosting three back-to-back events next week for investors and Indiana founders. By working together, the organizations hope to gain more traction than they could separately.
IUPUI realignment could bring big benefits to Indy businesses and economy
Local business and tech-industry leaders say they see the effort as a chance to increase the pipeline of qualified employees who can work at local companies.
Fishers firm launches platform to boost business for itself—and its marketing peers
Vibenomics launched the platform, called the In-Store Marketplace, earlier this month. It’s designed as a one-stop shop where retailers can purchase in-store audio and digital advertising from both Vibenomics and other companies.
Purdue sees big Indianapolis expansion potential from IUPUI revamp
Purdue, which now has about 5,000 students at IUPUI’s campus, hopes to expand Indianapolis enrollment by at least 1,000 once Purdue begins operating its programs here under its own name.
Banks are beefing up their loan-loss reserves
Banks aren’t reporting signs of trouble in their loan portfolios, but, at the same time, many that were reducing their reserves last year are now building them back up.
Federal criminal case against former Celadon Group executives dismissed
On Thursday, Judge Jane Magnus-Stinson granted prosecutors’ request to dismiss the charges against Celadon’s former president and chief operating officer, Eric Meek, and its former chief financial officer, Bobby Peavler.
Central Indiana fair-housing group reaches settlement in senior-living lawsuit
The Fair Housing Center of Central Indiana and 11 partners in other states have reached a settlement agreement with a New York-based operator of senior-living apartments, including several in the Indianapolis area.
Newest High Alpha company helps brands collaborate
Colaboratory offers a platform that helps brands identify potential partners and collaborate with them. The company, which has been operating in stealth mode since January, has now publicly launched.
Indianapolis-based Trava Security lands $4.5M in venture funding
This is the second major funding round for Trava, which was launched by High Alpha in 2020. The company offers cybersecurity risk management and insurance for small and medium-sized companies.
Indy firm launches virtual-reality-focused effort to fill talent pipeline
VisionThree’s $80 million effort aims to place virtual-reality career labs in every high school, community college and university in Indiana by 2025.
Data privacy to be addressed during upcoming conference at 16 Tech
Data privacy—a topic of keen interest to Indiana’s tech companies—will be on the agenda when the Indiana Technology and Innovation Association hosts its annual conference later this month at 16 Tech.
Cummins posts record quarterly revenue
The Columbus-based manufacturer says its strong second-quarter was due mostly to its North American market, where revenues grew 15%.
Cummins investing $24M in German battery startup
Cummins is investing in VoltStorage, a Munich, Germany-based company that develops and produces batteries based on redox flow technology, a more environmentally friendly alternative to lithium-ion batteries.
How socially responsible are your investment funds?
The U.S. Securities and Exchange Commission has proposed a rule that would, for the first time, require funds and advisers to disclose information about how environmental, social and corporate-governance issues truly factor into their investment products and services.
New research effort aims to help Hoosier manufacturers cut energy costs
The effort involves manufacturers around the state capturing data about their energy use, then sharing that information to create a “data lake” which businesses and researchers can access.