High Alpha startup Castiron lands $6M in seed funding
High Alpha launched Castiron in October. The startup offers a platform for culinary artisans to sell their products, connect with customers and run their businesses.
Susan Orr
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Cummins enters joint venture to boost production of natural-gas-powered vehicles
The agreement between Cummins and Texas-based Rush Enterprises will help Cummins bring natural-gas-powered commercial vehicles to market.
Longtime TechPoint CEO Langellier to step down in May
Mike Langellier has been the president and CEO at Indianapolis-based TechPoint for nine years. The organization will launch a national search for his replacement.
Fishers-based Vibenomics signs audio deal with grocery chain Hy-Vee
Vibenomics, which offers music, advertising and audio messaging for retailers nationwide, says its audio will be heard in the Iowa-based grocery chain’s stores beginning Feb. 15.
Private equity firm that focuses on small companies inks 12 deals since 2018 launch
Monument Microcap Partners has also added three partners and two other employees, plus a branch office in the metro Detroit area.
Indianapolis-based Chuqlab offers crime-fighting transcription tech
Founded in 2019, Chuqlab offers transcription technology for law enforcement agencies, prosecutors and operators of jails and prisons. The company recently received a state incentives offer based on its hiring plans.
Carmel-based GyanSys acquires Vancouver-based Salesforce partner
With the acquisition of British Columbia-based Groundswell Cloud Solutions, GyanSys now has more than 250 employees who work in the firm’s Salesforce practice.
Carmel-based DriverReach lands $7.5M in equity funding
DriverReach, founded in 2016, offers a platform that makes it easier for customers to hire commercial truck drivers. The company said it plans to use its additional funding on hiring and product research and development.
Q&A with Roger Shuman, promoting tech with swag-ger
If you’re active on LinkedIn, maybe you’ve seen TechPoint’s senior relationship manager, Roger Shuman, 52, wearing one of his many tech-company T-shirts.
Former Cummins employee sentenced to prison in $4.8M fraud case
Prosecutors say the Ohio man, who formerly worked for Cummins in Michigan, stole profit-sharing money that was supposed to have been distributed to company employees.
Republic, Rolls-Royce sign on as investors in early-stage air mobility effort
Indianapolis-based Republic Airways, along with Rolls-Royce, are among numerous investors in Eve, an urban air mobility company that aims to develop an international network of electric vertical-lift aircraft.
Canada-based tech firm acquires marketing-tech firm Delivra
Delivra’s new owner, British Columbia-based Redbrick, said the company’s operations will remain in Indianapolis and all of its employees will retain their jobs.
Christel DeHaan home generating big interest from potential buyers, agent says
Based on the early interest in the property, the estate might end up selling above $14 million list price, the listing agent said. Proceeds from the sale will allow the not-for-profit Christel House International to expand its outreach to students in high-poverty areas around the world.
2021 Year in Review: Rolls-Royce lands huge Air Force contract
Rolls-Royce North America scored a U.S. Air Force B-52 bomber contract in September that could eventually be worth up to $2.6 billion. The company said it expects to add 150 jobs in Indianapolis as a result.
2021 Year in Review: Supply-chain problems proved an ongoing challenge
From automobiles to canned goods, certain items have been in short supply, and for a variety of reasons.
2021 Year in Review: Tech firms, funds raise record amounts
Local tech companies have had huge success in attracting funding this year, led by Formstack which landed a $425 million growth investment in November—by far the largest single capital raise by an Indiana-based technology company in the state’s history.
IEDC zooms to Vegas to promote state tech sector
The Indy Autonomous Challenge will be part of the splashy CES trade show Jan. 5-8 in Las Vegas, where Hoosier business leaders plan to use the racing event as a vehicle for promoting Indiana’s tech economy to a potentially worldwide audience.
Longtime Pacers exec Fuson promoted to CEO
The move is one of six high-level promotions and transitions announced Tuesday morning by Pacers Sports & Entertainment.
Manufacturers embrace advanced technology, but carefully
A growing number of Hoosier companies say advanced technology is improving productivity and profits, but that choosing and implementing the right tech can be challenging.
Indianapolis-based RCA firm acquired by Arizona conglomerate
Indianapolis-based RCA Commercial Electronics, which sells both commercial televisions and LED lighting, has been acquired for $14 million cash plus other considerations. The deal closed earlier this week.