Car-sharing company Turo makes local inroads
Similar to peer-to-peer home-sharing platforms, car-sharing apps help individuals make their vehicles available to others for a fee.
Technology
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New security flaw in Intel chips could affect millions
Major tech companies Google, Apple, Amazon and Microsoft all released advisories Tuesday to instruct users of their devices and software, many of which rely on Intel hardware, on how to mitigate the vulnerabilities.
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.
Chinese national indicted in connection with Anthem’s massive data breach
Prosecutors said Chinese resident Fujie Wang and a person they call John Doe were behind the huge data breach at the Indianapolis-based insurer in 2015, which compromised the information of 78 million people.
Autonomous vehicles to race at Indianapolis Motor Speedway
Later this month some of the world’s best open-wheel race car drivers will look to take the checkered flag at the Indianapolis 500 and guzzle a bottle of milk in the winner’s circle. But one of the big winners this may at the famed Indianapolis Motor Speedway won’t be drinking any milk. That’s because it will be an autonomous car.
State bets tax breaks will lead to influx of data centers
State lawmakers last month passed a much-ballyhooed law that exempts sales taxes on equipment, infrastructure and electricity costs for sizable data centers constructed in Indiana.
Global defense firm Saab plans $37M facility, 300 jobs in Indiana
Saab said the facility will be used to manufacture a significant portion of the T-X advanced pilot training aircraft, which will help train future U.S. Air Force pilots for generations.
Local maker of organic oils rakes in $9.5M in venture funding
The round of financing was led by Indianapolis-based HG Ventures, which is the corporate venture arm of a major shareholder in Biosynthetic Technologies.
Software firm Boardable secures $1M in capital from High Alpha
Founded in 2017, Boardable plans use the investment on talent, product development, marketing and sales—with the goal of doubling employment by the end of the year.
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.
Life science companies can learn from failure if they stay flexible, experts say
Endocyte Inc.'s decision two years ago to shelve its own pipeline and look for other opportunities was a difficult call that eventually paid off for investors, its former CEO said Friday at IBJ’s Life Sciences Power Breakfast.
After years of debate, law increases oversight of virtual schools
Lawmakers’ actions this year, paired with a funding cut, represent the biggest steps the state has taken to regulate virtual charter schools since they launched a decade ago.
Ball State student’s startup bringing melodies to movies
As someone who has made movies since middle school, Indianapolis resident Von Storm knows the importance—and difficulty—of securing licenses to use music as part of a video production. So the Ball State University senior created License Guru.
Are additional Celadon execs in prosecutors’ sights?
The Justice Department’s April 25 press release—which announced Celadon had admitted to the fraud and agreed to pay $42 million in restitution—closes by noting that the investigation is ongoing.
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.
Companies fret as costs soar for software subscriptions
The software as a service—or SaaS—market is going gangbusters.
Longtime local tech exec, advocate Harold Apple dead at 74
Apple co-founded the Indiana Software Association and the Indiana Information Technology Association, which merged to form TechPoint, the state’s leading technology advocacy and trade group.
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.
Notre Dame getting $42.4M to accelerate regional innovation
The 5-year grant from Lilly Endowment Inc. aims to further advance Indiana’s northwest region as a leader in manufacturing, entrepreneurship, applied analytics and technology.