High Alpha launches software firm for real estate teams
High Alpha on Tuesday announced the formal launch of its eighth company this year and its 20th since its founding in 2015.
Technology
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Old technology has spawned a new idea that’s crucial for schools during pandemic
Indiana is only the second state in the U.S. to use a technology called “datacasting” to deliver educational content into students’ homes—without the need for Wi-Fi.
Ag firm creates big buzz with bee hive tech
The Bee Corp. has pioneered technology that can count the number of bees in a hive and monitor hive health, which is imperative for various crop growers globally.
Local software firm Encamp expands tax-credit deal with state, projects big growth
Indianapolis-based software company Encamp is seeing significant growth this year and looking to expand its team. Encamp, which now has 22 employees—17 in Indiana, is projecting to have 226 by 2029.
TikTok asks court to intervene as Trump order looms
TikTok’s Chinese owner, ByteDance, has until Thursday to sell off its U.S. operations under an executive order that Trump signed in August.
European Union files antitrust charges against Amazon over use of data
Amazon faces a possible fine of up to 10% of its annual worldwide revenue. That could amount to as much as $28 billion, based on its 2019 earnings. The Seattle-based company rejected the accusations.
$40M data center opens in northwest Indiana
Roughly half of the center has been leased for servers that’ll be connected to a fiber line to downtown Chicago.
Eleven Fifty Academy joins forces with Indiana colleges to launch coding boot camp
The program at seven private schools will take advantage of a longer winter break to provide intensive instruction and is aimed at non-computer science students.
Digital media company ZergNet moving from Noblesville to Fishers
A digital-media company that includes billionaire Mark Cuban as one of its early investors is planning to relocate its 53 Indiana-based employees to Fishers’ Meyer-Najem building.
KAR turns higher-than-expected quarterly profit despite missing revenue projections
The Carmel-based company said its results for the first nine months of 2020 have been “significantly impacted by the COVID-19 pandemic.”
Google ad costs, not its dominance, irking small businesses
Google controls about 90% of global internet searches, but what’s unfair, many small business owners say, is the way it gives the greatest prominence in search results to the companies that spend the most on advertising.
Aerospace firm donates hypersonics tunnel to Purdue
Once the tunnel is installed, Purdue will be only the second U.S. university to offer such hypersonics test capability.
NASA awards $2.8M to Indiana space program
The grant will support NASA student internships and fellowships, student STEM experiences, faculty STEM projects and public STEM engagement throughout Indiana through 2024.
Panel: Manufacturers must prepare for coming technology revolution
Artificial intelligence, data analysis tools and other digital technology will revolutionize manufacturing and companies need to get ready for it, said panelists at an IBJ/Conexus Indiana industry event Friday.
Purdue researchers say cooling paint could someday replace AC, slow global warming
The research found that heat pulled from a room can be sent into outer space, potentially negating some of the devastating effects of global warming.
Local cybersecurity company acquired by New York firm, plans national expansion
Pondurance has been a tempting target in the quickly consolidating cybersecurity space, generating seven-figure profit annually while remaining focused on Indiana-based clients.
FBI warns ransomware assault threatens U.S. health care system
The aggressive offensive by a Russian-speaking criminal gang coincides with the U.S. presidential election, though there was no immediate indication it was motivated by anything but profit.
Vibenomics on roll, lands another $6.5M in venture capital
The most recent round of funding for the Fishers-based audio-marketing firm will be used to support the launch of additional national networks in convenience stores and grocery retailers.
Orr Fellowship grows effort to eliminate brain drain
Since its 2001 founding, the program that connects high-caliber college graduates with high-growth companies has had an immense impact on central Indiana, particularly the tech industry.
Short-video app Quibi shutting down just months after launch
Quibi, short for “quick bites,” raised $1.75 billion from investors including Disney, NBCUniversal and Viacom and its leadership included entertainment industry heavyweight Jeffrey Katzenberg and former Hewlett-Packard CEO Meg Whitman.