High Alpha portfolio firm Anvl raises $2M in seed funding
Anvl plans to use the funds to grow its platform and hire employees in sales, services, engineering and marketing, company officials said.
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Ten states sue to stop $26.5 billion Sprint-T-Mobile deal
The attorneys general, all Democrats, said eliminating a major wireless company will immediately harm consumers by reducing competition and driving up prices for cellphone service.
U.S. House mulls antitrust help for news industry
Members of both parties on Tuesday suggested legislation may be necessary for the financially struggling U.S. news industry as lawmakers began a bipartisan investigation into the market dominance of Silicon Valley companies.
Carmel tech firm Lumavate raises $3M in growth capital
The software-as-a-service firm has raised $10 million in growth capital since being founded in mid-2015, company officials said.
Salesforce buying Tableau Software in $15.7B all-stock deal
The acquisition is expected to add about $350 million to $400 million to Salesforce.com Inc.’s fiscal 2020 revenue.
Bloomington software firm nabs $10 million investment
FormAssembly launched in 2006 and this is first time it will take outside money. The company says the investment comes in the midst of a wave of consumer demand for data regulation.
Carmel-based Rook Security acquired by English firm
Rook Security, an 11-year-old firm that specializes in cyber-threat detection and response services, had been on a torrid growth pace for most of this decade but has downsized its workforce more than 60 percent over the past three years.
Reports: Justice Department preparing antitrust probe of Google
Politicians and outside antitrust analysts have expressed concern in recent years that Google controls too much of the online digital ad process.
United States’ delay to Huawei ban gives tech sector time to adjust
The United States is delaying restrictions on U.S. technology sales to Chinese tech powerhouse Huawei in what it calls an effort to ease the blow on owners of its cell phones and smaller U.S. telecoms providers that rely on its networking equipment.
FCC chairman backs T-Mobile-Sprint deal in key endorsement
Federal Communications Commission Chairman Ajit Pai said Monday he supported the $26.5 billion deal because the two companies promised to expand mobile internet access in rural areas and roll out 5G, the next generation of mobile networks.
Engineering firm to invest $1 million, add up to 135 Bartholomew County jobs
LHP Engineering Solutions, a minority-owned firm launched in 2001, targets the automotive, aerospace and medical industries.
DeliverEnd speeds app to market with IndyCar sponsorship
Nick Turner is used to moving in the fast lane. And now the 28-year-old Indianapolis native is ready to put the pedal to the metal this month at the Indianapolis Motor Speedway. The former IU football player and track runner this month is rolling out his company’s first app using a sponsorship with Harding Steinbrenner Racing to supercharge its marketing efforts.
BitLoft opens new Carmel office, grows staff
BitLoft, a local technology development firm, expanded its central Indiana footprint with an additional 7,200-square-foot location in Carmel. BitLoft recently added 10 employees and the company isn’t done growing.
Upstart software firm plans 75 jobs at new downtown HQ
A software-as-a-service firm founded last year under the wing of Indianapolis-based venture studio High Alpha announced Tuesday that it plans to spend $1.4 million to establish a downtown headquarters.
IBJ Podcast: A startup’s journey from idea to pivot to series A fundraising
120WaterAudit co-founder and CEO Megan Glover talks to host Mason King about the challenges of raising money and whether being based in Indianapolis helps or hurts those efforts. Her answer may surprise you.
Q&A: 120WaterAudit eyes big growth after pivot
Megan Glover started 120WaterAudit in 2016 with the idea of targeting residential consumers nationwide with a water-testing kit that cost $120 every four months. But the company has pivoted to work largely with municipal water utilities and governments.
Apple trade-ins, discounts spark iPhone revival, stock jump
Apple Inc. executives had a clear message for investors on Tuesday: Demand for iPhones has begun to recover from a bruising holiday period.
Local software firm Viral Launch lands $7.3M in venture funding
The Series A round was led by New York City-based Tenfore Holdings, with contributions from existing investors Mentor’s Fund of Redwood City, California, and McLean, Virginia-based UpOver Ventures.
Startup showcase growing in lockstep with agbioscience sector
AgriNovus Indiana’s Ag+Bio+Science Startup Showcase is growing faster than a corn stalk in June.
In its third year, the showcase attracted a record number of attendees, sponsors and participants for its pitch contest.
Salesforce.org, IU to bring higher ed conference to Indy in 2020
The three-day event at the JW Marriott downtown is expected to bring together more than 2,500 leaders from colleges, universities and technology firms.