Defense Tech Company Expanding to Fort Wayne

A California-based company is expanding to northeast Indiana. Pacific Defense, which develops electromagnetic spectrum operations technology for the U.S. military, says it will open a new office at the Northeast Indiana Innovation Center in Fort Wayne.... Read More

New Accelerator Focusing on Defense Tech

Naval Surface Warfare Center, Crane Division is looking to help its scientists commercialize their technologies. The installation is partnering with The Mill in Bloomington and others to launch the PROPELS Accelerator, which is designed to provide entrepreneurs and small businesses with the opportunity to bring patented government technology to market. ... Read More

Purdue to Lead Air Force Research Hub

Purdue University is one of two universities recently selected by the Air Force Research Laboratory to serve as lead academic partner and headquarters in a pilot program for academic research partnerships.... Read More

Leadership Change at Mursix

Yorktown-based Mursix Corp. has named Jeff Frost president. Frost formerly served as director of operations and will report to Chief Executive Officer Todd Murray.... Read More

Indy Tech Startup Secures Seed Funding

Indianapolis-based Qualifi has closed on a $2.5 million seed round of funding. The startup, which has developed an on-demand screening platform for recruiting teams, says it will use the funding to further product development and expand go-to-market efforts.... Read More

Profit Grows for KAR Global

Carmel-based KAR Global (NYSE: KAR) is reporting full-year net income of $66.5 million in 2021, up from $500,000 the previous year. The company says the results were driven in part by strong growth in its digital dealer-to-dealer businesses.... Read More

Allos Launches Fourth Investment Fund

Indianapolis-based Allos Ventures has announced the first closing of its latest fund, Allos IV. The venture capital firm says the fund will continue its focus on investments in early-stage B2B software companies. Managing Director Don Aquilano says being able to launch a fourth fund is "validation that there's a true need and a value for equity capital in the Midwest and certainly here in Indiana."... Read More

Mira Award Nominees Named; In-Person Gala to Return

Indianapolis-based TechPoint has unveiled the list of nominees for the 23rd annual Mira Awards, honoring the "Best of Tech in Indiana." This year's nominees include 76 companies that employ more than 52,000 Hoosiers, as well as more than a dozen entrepreneurs from the state's tech sector. ... Read More

The Bee Corp Lands Additional Funding

Indianapolis-based The Bee Corp has received its second investment from IU Ventures. The company, which has developed technology to determine the health of beehives, says it will use the $125,000 from the IU Angel Network to enhance its technology and bring it to new markets.... Read More

Indy Tech Company Lands $8M in Funding

Indianapolis-based Woven has closed on an $8 million Series A round of funding. The company, which has developed an interview platform for software companies to hire engineers, says it will use the funding to expand the platform and add an undisclosed number of jobs.... Read More

120Water Marks Major Annual Growth

A Zionsville-based startup is reporting a more than 500% customer increase in 2021. 120Water, which has developed a software platform for lead reduction and drinking water compliance programs, says the growth is due to the looming deadlines for compliance with the new Lead and Copper Rule Revisions from the U.S. Environmental Protection Agency.... Read More