Pitch-events company Verge changes name to Powderkeg
The 8-year-old company changed its name after settling a lawsuit with a national media outlet of the same name. Founder Matt Hunckler said Powderkeg will also introduce a premium membership tier.
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Trump to announce Apple supplier Foxconn opening Wisconsin plant
Economic development officials from Indiana, Illinois, Michigan, Ohio, Pennsylvania, Texas, and Wisconsin have all vied for Foxconn’s attention. The plant is expected to employ thousands of workers.
Study: Indy tech labor force inexpensive, among best in country
Indianapolis not only has one of the highest-quality tech labor forces in the country, according to a new report, but the average cost for that labor is the lowest in the United States.
Coding academy Iron Yard to close all locations
The for-profit coding academy, which opened an Indianapolis school in spring 2015, said it will cease operations at all locations at the end of the summer.
Indianapolis-based grading-software startup plans to add 102 workers by 2021
Mimir Corp., which relocated its headquarters from West Lafayette to downtown Indianapolis last month, sells software that automates computer science grading and checks for plagiarism. It’s used by more than 80 universities worldwide.
Indy-based parking tech company buys Atlanta software firm
With the deal, T2 Systems gains access to new U.S. markets, its CEO said.
TechPoint taps former Salesforce leader McCorkle as board chairman
The not-for-profit tech advocacy group has passed the board torch to Scott McCorkle and added two other software executives to the ranks.
Tech executive Love steps down as Bloomerang CEO
Serial entrepreneur Jay Love, who co-founded the software firm in 2012, has passed the reins to his former chief operating officer.
Infosys picks North Carolina for second of four planned tech hubs
The first hub was announced for Indianapolis in May and the other two locations haven’t yet been announced. The first two hubs are expected to create 2,000 jobs by the end of 2021.
Fast-growing local software firm bought for $80M by public company
Indianapolis-based Archway Technology Partners, which specializes in wealth management, reported revenue growth of 104 percent from 2013 to 2015.
IU preps new VC fund amid agency revamp
The school plans to unveil a new venture capital fund this summer under the purview of the Indiana University Research and Technology Corp., which was overhauled to better address startup needs.
iPhone maker considering Indiana, other Midwest states for $10B in investments
Foxconn Chairman Terry Gou says its U.S. investments could be in seven states, naming Indiana, Ohio, Pennsylvania, Michigan, Illinois, Wisconsin and Texas.
Ed-tech startup scales up team, picks Indy as home base
Mimir, which was previously based in West Lafayette, recently moved its headquarters to downtown Indianapolis. It has 14 employees, up from three last year.
Music-marketing startup closes $3 million seed round
In its first round of institutional fundraising, Fishers-based Fuzic secured backing from High Alpha, Allos Ventures and Hyde Park Venture Partners.
Torchlite closes $2M fundraising round, bolsters board
Former Salesforce executive Scott McCorkle has been named Torchlite’s executive chairman. The $2 million round brings the marketing firm’s total financing take to $4 million since its launch in 2015.
ExactTarget alums band together at new tech spinoff
A handful of Indianapolis-based ExactTarget alumni have joined Cheetah Digital, which is led in part by an ExactTarget co-founder. And they’re looking for office space downtown.
Apparatus alum rolls out text-based recruiting startup
Former Apparatus President Aman Brar has launched Canvas Talent Inc., with a software tool that allows recruiters to manage their text conversations with prospective employees.
Unprecedented push underway to advance women in tech
Efforts to increase and support the ranks of women in technology jobs are emerging in Indianapolis and helping put a spotlight on gender imbalance in the industry.
High Alpha, tech vet team up on ‘marketing experiments’ startup
ExactTarget alumnus R.J. Talyor, who left Geofeedia nearly a year ago, and Indianapolis venture studio High Alpha have rolled out Quantifi.
Indy entrepreneurs to launch Airbnb for event venues
The online marketplace, slated to launch in August, aims to connect venue owners and seekers. It’s led by two minority entrepreneurs.