Steelmaker to use scrap wood to cut its carbon footprint
Fort Wayne-based Steel Dynamics Inc. says a newly announced joint venture with Minnesota-based biocarbon company Aymium will help it meet its goal to achieve carbon neutrality by 2050.
Susan Orr
Articles
Indianapolis-based Scale Computing lands $55M investment
Scale Computing CEO Jeff Ready said the $55 million investment will help the fast-growing company move closer to its goal of an initial public offering.
Indiana’s tech firms saw strong venture investment activity in 2Q
Indiana-based tech firms attracted a combined $166 million in investments last quarter, according to a report released this week by Indianapolis-based TechPoint. The quarterly total was up sharply from the first quarter, despite the nationwide tech slowdown.
Carmel-based enVista to sell portion of its business to German tech company
EnVista, which has 850 global employees and expects $185 million in revenue this year, is selling the commerce and transportation parts of its business to Germany-based Körber. Once the deal closes, 400 enVista employees, including its cofounder, will join Körber.
Inotiv facing shareholder lawsuit over stock drop
The West Lafayette-based pharmaceutical testing company has seen its stock price soar—and later plunge—following its announcement last fall that it planned to acquire Indianapolis-based Envigo RMS LLC, which breeds and sells animals used in lab testing.
Elevate Ventures is opening its annual pitch event to the public
Elevate Ventures’ annual pitch competition takes place Aug. 5 in Fishers, and this year for the first time the event is free and open to the public.
Fishers-based ‘blank check’ company finds acquisition target
Fishers-based American Acquisition Opportunity Inc. says it has entered into a merger agreement with Royalty Management Corp. in an all-stock deal that values Royalty Management at $111 million. The merger will create a new Fisher-based public company.
Indiana stocks fare better than most this year
At the close of trading June 24, Bloomberg’s Indiana Index was trading at $375.30, up 0.55% from the beginning of the year. The S&P 500 was down 18.45% and the tech-heavy Nasdaq was down 26.59%.
Canadian campaign aims to lure Hoosier tech companies
A campaign launched last week by a Windsor, Ontario-based economic development organization is targeting small- to medium-sized tech companies in Indiana and three other midwestern states. The goal is to get them to expand or relocate into Windsor.
Elevate Ventures taps local entrepreneur Christopher Day as next CEO
Christopher Day, the CEO and cofounder of Indianapolis-based marketing tech firm DemandJump, will take over as CEO of the Indianapolis-based organization on July 18.
Old National Bank to sell its health savings account business
The deal, expected to close in the fourth quarter, includes about $500 million in client assets held in about 157,000 accounts associated with more than 3,000 employer groups.
Tech sector layoffs are on the rise
Tech has hit a well-publicized slump, and within the last few months, layoffs have hit big companies like Netflix and Coinbase as well as smaller firms like Zionsville-based 120Water, Indianapolis-based Casted, and Terminus, which is based in Atlanta but has an employee base and its CEO in Indianapolis.
Serial entrepreneur Wechsler launches Spokenote tech startup
John Wechsler, who will step down as CEO of both Launch Fishers and the Indiana IoT Lab next month, will turn his attention to his latest venture: a startup that makes it easy to create and share videos via QR codes.
Slovakian startup announces plans for Indiana battery plant
InoBat Auto, a Slovakian company that launched in 2019, said Thursday that it plans to open battery R&D and production sites in Indiana, in partnership with New York City-based Ideanomics Inc.
Challenger defeats Holcomb appointee to secure GOP nomination for secretary of state
Diego Morales defeated Gov. Eric Holcomb’s appointed Secretary of State Holli Sullivan and two other challengers at Saturday’s Indiana Republican Party State Convention.
State takes steps to build on success of Indy Autonomous Challenge
The IEDC has contributed $3.4 million toward creating the Indy Innovation Challenge, to encompass both the Indy Autonomous Challenge and potential future competitions focused on performance automation technology.
New High Alpha startup Holder aims to tap potential of Web 3.0
Holder, the latest startup to launch out of Indianapolis-based venture studio High Alpha, offers a marketing platform built for the emerging era of blockchain technology.
Tech firms grow wary as funding streams slow
The red-hot tech industry is cooling down, and local industry insiders say they’re preparing for a landscape in which venture funding may be harder for companies to secure.
Q&A: Eastsider returns to take charge of transformational project
Juanita Easterling now works for Goodwill of Central & Southern Indiana as the plant manager of Cook Medical’s brand-new $15 million medical manufacturing facility on the northeast side of Indianapolis.
New wireless network aims to boost internet-of-things activity in north-central Indiana
The Wabash Heartland Innovation Network in West Lafayette is teaming up with New Hampshire-based Senet to establish a low-power, long-range network that’s ideal for internet-connected devices.