Indianapolis-based Mimir Corp. is planning to add more than 100 jobs by 2021. The computer science classroom technology developer says it will expand its new downtown office in the coming weeks and begin adding sales and engineering positions by the end of the summer. The company currently employs 14 and says the growth will help meet demand for its software, which is used by more than 80 universities.
A news release from the Indiana Economic Development Corp. did not detail Mimir’s investment total, but did say the company has been offered up to $1.2 million in conditional tax credits and training grants. The new jobs are expected to pay an average wage that is more than 50 percent higher than the state average.
Chief Executive Officer Prahasith Veluvolu, a 2017 TechPoint Mira Awards Rising Star award nominee, says "the Midwest is a perfect place to scale a startup like Mimir. Indianapolis remains one of the most affordable cities in the nation and continues to evolve into a tech hub. That’s translating to additional funding opportunities from investors and more robust employee pools for companies like ours."
Mimir’s flagship platform, Mimir Classroom includes features that help teachers analyze student performance, strengths and weakness. It will eventually help employers and prospective employees connect based on matching computing skills and needs.
Mimir was launched by students at Purdue in 2014. The automated grading and plagiarism-detection platform business participated in the Silicon Valley startup accelerator Y-Combinator in 2015. The founders moved the company back to the Anvil coworking space in West Lafeyette, then to Market Tower Indianapolis in June. In January, Veluvolu and other founders Jacobi Petrucciani and Colton Voege were named to the "30 Under 30" list by Forbes. Mimir was also a 2015 Mira Education Tech Award nominee.
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