Fishers startup prepares to go public
Four-year-old Novusterra Inc. is planning an initial public offering within 90 days and hopes to be approved to trade on the OTCQB Venture Market, often used by companies that are still developing.
Technology
Articles
Indianapolis-based software startup Champion lands $3.3M in seed funding
Champion, a marketing data firm founded in 2023 by former employees of Salesforce and Aircall, has raised a total of $5.3 million since its launch.
Verizon buying Frontier in $20B deal to strengthen fiber network
Verizon Communications Inc. said Thursday that the acquisition will also shore up its foray into artificial intelligence as well as connected smart devices.
Houston tech company Ohana to relocate HQ to Indianapolis
The company, which plans to create more than 100 jobs over the next five years, could receive up to $3.5 million in conditional tax credits from the state if it meets hiring goals.
Will Indiana’s next governor champion the LEAP district in Lebanon?
More than two years after Gov. Eric Holcomb’s Indiana Economic Development Corp. quietly disclosed plans for the 9,000-acre campus in Boone County, the endeavor’s future now largely depends on the guidance of the next governor.
Fishers-based Flexware acquires North Carolina-based engineering services firm
Fishers-based Flexware Integration LLC, a fast-growing IT services provider, has acquired Castle Hill Technologies LLC, a North Carolina-based company that provides engineering services to the pharmaceutical industry.
Google sued by longtime enemy Yelp after years of antitrust complaints
The suit adds to a string of recent legal challenges to Google’s dominance, including court rulings that declared its search business and mobile app store to be illegal monopolies.
Rally Roundup: Pro race driver closes conference with insights, advice
It was his skill at a race-themed video game that landed Jann Mardenborough in the real-life racing world—but once he got there, Mardenborough still had a lot to learn.
Zuckerberg says White House pressured Facebook over COVID-19 content during pandemic
Meta CEO Mark Zuckerberg also said he would no longer donate money to widen election access for voters after dishing out more than $400 million for that purpose in 2020.
U.S. antitrust case alleges rent collusion enabled by tech firm’s software
The lawsuit is among the Justice Department’s first major enforcement actions in which software is being alleged as the primary means of collusion.
Rally innovation conference inspiring additional downtown events
Third-party organizations are planning about a dozen other events, from smaller conferences to happy hours, to capitalize on the momentum they expect Rally to generate.
Indiana tech, privacy chiefs talk benefits, concerns related to state AI usage
The state aims to use AI to help Hoosiers find information more easily. But, as members of th state Artificial Intelligence Task Force noted on Wednesday, there are privacy, cybersecurity, contract and cost concerns to tackle along the way.
Google must face trial over claims Chrome misled users on data collection
The ruling adds to the significant legal defeats that Google has been dealt in the past year.
AMD buying server maker ZT Systems for $4.9 billion to strengthen AI capabilities
AMD plans to sell ZT Systems’ server manufacturing business after the deal closes, with mergers and acquisitions in tech and elsewhere getting a closer look by regulators under the Biden administration.
Rally conference returns—with some changes
As Elevate Ventures prepares for year two of its multimillion-dollar Rally innovation conference, the organization is making a few adjustments to last year’s playbook.
Indianapolis tech startup Reportwell lands $1.1M investment
The founders designed the online platform to make it easier for K-12 schools to file required regulatory compliance reports. The company also sees opportunities in other regulated industries such as higher education, utilities and health care.
Judge tells Google to brace for shakeup of Android app store as punishment for running monopoly
In protesting the judge’s potential requirements, Google has raised the specter of consumers’ devices being infected by malicious software downloaded from third-party app stores, triggering “security chaos.”
Meta kills off misinformation tracking tool CrowdTangle despite pleas from researchers, journalists
In May, dozens of groups sent a letter to the company asking that it keep the tool running through at least January so it would be available through the U.S. presidential elections.
Google rolls out Pixel 9 phones earlier than usual as AI race with Apple heats up
Although Pixel phones still represent a sliver of worldwide smartphone sales, they are still closely watched because they serve as Google’s platform for demonstrating the latest advances in the Android operating system that powers virtually every phone not made by Apple.
Indianapolis-based The Heritage Group hires entrepreneur-in-residence
Mitch Black’s main role is as an adviser to the New Venture Group’s 35 portfolio companies, helping them navigate the challenges that young companies face.