New Salesforce co-CEO Bret Taylor has growth on his mind
Investors are clamoring for the top provider of cloud-based customer relations management software to prove it can expand beyond its core business. Any misstep is bound to be noticed.
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Allegion Ventures launches $100M technology investment fund
Allegion says it had such success with its first investment fund, which launched in 2018, that it’s now starting a second fund that’s twice the size of the original.
U.S. commerce secretary urges boost in semiconductor output
Gina Raimondo will press Congress to pass legislation that would put about $52 billion toward U.S. chip manufacturing in a speech to the Economic Club of Detroit during a visit to the city that’s the capital of American auto manufacturing.
Twitter co-founder Jack Dorsey steps down as CEO
Dorsey has faced several distractions as CEO, starting with the fact that he’s also founder and CEO of the payments company Square. Some big investors have openly questioned whether he could effectively lead both companies.
Bob Coy, chief executive of 16 Tech, set to retire in 2022
Coy, who has been at the organization since 2017, overseeing the first phase of development at the 50-acre 16 Tech Innovation District, is stepping down after a long career in economic development.
Samsung says it will build $17B semiconductor factory in Texas
Samsung said the new facility will boost production of high-tech chips used for 5G mobile communications, advanced computing and artificial intelligence, and also improve supply chain resilience.
Zoom stock tumbles amid signs of slowing growth
The video-conferencing company reported a smaller-than-projected number of large customers for a second straight quarter, stoking concerns about growth as more workplaces and schools open back up.
Big Tech pushing smart home devices as latest work-from-home tools
Amazon, Facebook parent Meta and Google are expanding work applications for the smart home, raising security and privacy concerns that could cost workers and their companies if not managed properly.
IEDC works with accelerator to bring startups to Indiana
Gener8tor is launching four industry-specific programs within its gBETA accelerator for early-stage startups from both Indiana and around the United States, hoping some will move here.
IEDC hires consultant to study state’s entrepreneurial ecosystem
The IEDC has agreed to pay $150,000 to San Francisco-based consultant Startup Genome to generate a snapshot report of the state’s entrepreneurial climate. Based on the results of that report, the IEDC will decide whether to contract with the consultant for additional work.
Fishers-based Formstack lands record $425M equity investment
The equity investment is by far the largest single capital raise by an Indiana-based technology company in the state’s history, according to Indianapolis-based TechPoint, a not-for-profit that supports the state’s tech industry.
High Alpha leads $10M investment in Chicago-based software startup Logik.io
Logik.io, which was launched in February, offers software that helps sales reps and customers secure price quotes in complex sales situations.
Under pressure, Apple allows self-repairs to iPhones, Macs
Apple is launching an online store for self-service repairs early next year that it says will have more than 200 individual parts and tools for making the most common repairs on the iPhone 12 or iPhone 13.
Indy-based parking tech company T2 to be acquired for $347M
T2, founded in 1994, provides parking-management hardware and software to universities, municipalities, parking operators, health care facilities and transportation hubs. It has more than 1,900 customers.
Q&A: Jeremy Rogers, a digital guru who connects hospitals and patients
Rogers, 44, is executive director of digital marketing and experience, meaning he plans and implements ways to keep patients informed and to hear what’s on their minds.
STAR Bank debuts Bitcoin services for its mobile banking customers
Fort Wayne-based STAR, which has 13 banking offices in the Indianapolis market, said it sees a business opportunity in Bitcoin and plans to add additional cryptocurrency services as demand warrants.
Ford, Purdue partner on technology to speed up EV charging
Researchers say charging times for electric vehicles could eventually be on par with filling up a car at a gas station.
General Electric to split into three public companies
General Electric announced Tuesday that it will spin off its health care business in early 2023 and its energy segment including renewable energy, power and digital operations in early 2024.
Real estate tech startup Shaker lands $2M in seed funding
Shaker, which offers a platform for real estate agents and clients to communicate with each other, was launched last year by Indianapolis venture studio High Alpha.
U.S. charges two suspected major ransomware operators
Both men are alleged to be affiliated with the prolific Russia-based REvil ransomware gang, whose attacks have compromised tens of thousands of computers worldwide and yielded at least $200 million in ransom payments, said Attorney General Merrick Garland.