VC, Amazon Cap 'Monumental Week' For Indy Tech

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INDIANAPOLIS -

TechPoint Chief Executive Officer Mike Langellier says events of a "monumental week" are more proof the state's tech success story is spreading. Indianapolis-based health data startup Springbuk announced a $20 million round of funding, followed by software startup Zylo landing $9.3 million in venture capital. The deals followed news that Indianapolis is among 20 finalists for Amazon’s $5 billion HQ2 project. "Investing is a confidence game," said Langellier, who said startup activity, coupled with the presence of established success stories like Salesforce, Interactive Intelligence and Appirio, are making a statement. "All of those help to build the confidence factor that make this an even more investable place."

In an interview on Inside INdiana Business with Gerry Dick, Langellier said the recent venture capital infusion is significant for several reasons.

Langellier also says Indianapolis making a list of finalists for the Amazon HQ2 project, which brings with it the prospect of 50,000 jobs, sends a message about the region’s tech ecosystem and talent pipeline. "Of the 238 applications, getting into the top 20 is a huge statement," said Langellier. "You had the usual suspects and then you had a host of surprises and Indy is one of them."

Watch the full interview with Mike Langellier:

  • Perspectives

    • Greg Ballard is the former mayor of Indianapolis and a co-founder and current board member of Indy Women in Tech.

      Shining a Spotlight on Women in Tech

      I still get a thrill driving through the gates of our legendary Indianapolis Motor Speedway and I will be lucky enough to do so for an entire week soon. This week, the best women golfers in the world will once again display their talents at Brickyard Crossing Golf Course in the Indy Women in Tech Championship. However, the tournament is much more than an athletic competition. It is an opportunity to support a solution to a critical economic and workforce development issue.

    More

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