High Alpha portfolio company Structural acquired by Minnesota-based firm
Structural, which offers an employee-engagement software platform, was launched in 2017 by Indianapolis-based venture studio High Alpha.
Technology
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Musk offers to end legal fight, pay $44B to buy Twitter
The offer comes just two weeks before Twitter’s lawsuit seeking to force Musk to go through with the deal goes to trial.
Modern music careers are built on online fan data
Thanks to online analytics, musicians and their management teams aren’t clueless about what listeners take or leave.
New High Alpha startup, Stitch, offers software consulting for Twilio users
Stitch, an Indianapolis-based software consultancy, was founded in July by three former leaders at Indianapolis-based Lev. Stitch now has about 20 employees, a number its CEO says could grow to 150 or more over the next three years.
U.S. House approves antitrust bill targeting giant tech firms
The limited bill would give states an upper hand over companies in choosing the location of courts that decide federal antitrust cases.
Medical tech startup planning expansion, up to 175 new jobs
The New Albany company currently employs about 35 people and is hiring for software engineers, implementation managers, business development leaders, marketing experts and other positions.
Council pledges incentives for proposed $2.4B battery plant in New Carlisle
The South Bend Regional Chamber says if the New Carlisle site is chosen for the project, the plant could generate an estimated $652 million in annual economic impact once fully operational.
Feds award $11M for Purdue-led microelectronics workforce effort
The funding will allow for a five-year extension a public-private-academic partnership of 17 universities and 34 partners within the defense industry and government.
Mozilla report takes aim at tech giants’ grip on web browsers
Only three companies currently offer major browser engines, according to the findings. That’s left developers and consumers with limited choices.
High Alpha startup Humankind closes on $4.2M seed round
Humankind is a software-as-a-service company whose platform allows retailers to make personal connections with online shoppers. Indianapolis-based venture studio launched the company last fall, and it now has 16 employees.
Indiana-based ag-tech startup lands $3M in seed funding
Carmel-based Hageman Group, Indianapolis-based Allos Ventures and Indianapolis-based Elevate Ventures Inc. all participated in the funding round.
Salesforce donates $1M to IPS for emotional, mental health
IPS is expected to use the money to create sensory-friendly environments for struggling students, peer mentors and professional development sessions on social and emotional learning.
Tax-credit online marketplace creates connections for more deals
Indiana’s entrepreneurial community has high hopes that the new service will help attract more out-of-state investment in Hoosier startups.
Belgian tech startup Unbox to set up U.S. HQ in Indianapolis
The software company Unbox says it plans to establish its U.S. headquarters in Indianapolis as well as a software development, research and testing hub in West Lafayette. The company said it hopes to have up to 380 Indiana employees within the next few years.
Biden officials visit Purdue as part of national push to bolster semiconductor production
Officials discussed their push to see Indiana ramp up its role at designing and manufacturing of semiconductor chips that are used to power the nation’s smartphones, cars, computers, medical equipment, military weapons and other technology.
Twitter whistleblower cites security flaws before Congress
The former security chief at Twitter told Congress that the social media platform is plagued by weak cyber defenses that make it vulnerable to exploitation by “teenagers, thieves and spies” and put the privacy of its users at risk.
U.S., Mexico to cooperate on semiconductors, electric vehicles
The countries seek to eat into Asia’s advantage in semiconductors and batteries needed for electric vehicles and promote North American production.
Biden’s visit shows high stakes of $20B Ohio chip factory
Nearby states hope to benefit from the cluster of suppliers that industry experts say is bound to develop around the Ohio site. Indiana officials also have made semiconductor manufacturing a critical element in economic development strategies.
Manufacturing tech grants helped Hoosier companies grow their workforce, report says
On average, recipients of the state’s Manufacturing Readiness Grants added five new jobs as a result of the technology investments.
Westfield-based Taranis lands $40M growth investment
Taranis, which was founded in Israel in 2015 and moved its headquarters to Westfield in 2020, offers a software platform farmers can use to monitor and manage their crops.