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.
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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.
Energy Systems Network plans next autonomous racecar competition at CES
ESN, which organized the recent Indy Autonomous Challenge, announced Friday that five university teams will take part in a head-to-head passing competition at the Las Vegas Motor Speedway.
Indiana’s tech sector sees big M&A boom
The momentum is so strong that the number of deals during the first three quarters of 2021 has already eclipsed full-year 2020 and 2019 totals—and by a healthy margin.
Tech startup co-founded by Scott McCorkle secures another $7M in funding
MetaCX’s newest round of fundraising brings its total to $31.5 million, including multiple investments from several venture capital organizations.
Justice Department escalating cyber crackdown
The U.S. is stepping up actions to combat ransomware and cybercrime through arrests and other actions, its No. 2 official said, as the Biden administration escalates its response to what it regards as an urgent economic and national security threat.
Zionsville-based Clear Software acquired by Microsoft
Clear Software, founded in 2015, offers tools to help simplify and streamline business processes. Microsoft said the acquisition will help it improve its Microsoft Power Platform, which offers a variety of business-oriented tools for users.
Facebook to shut down face-recognition system, delete data
More than a third of Facebook’s daily active users have opted in to have their faces recognized by the social network’s system. That’s about 640 million people.