Allison Partners with California VC Firm

Indianapolis-based Allison Transmission Inc. (NYSE: ALSN) has announced a $15 million investment in Autotech Ventures, a venture capital firm in Silicon Valley. Allison says the partnership will provide the company with direct exposure to startups, VC expertise and high-tech companies in the transportation industry.... Read More

Hoosier Tech Shatters Investment Record

The tech sector in Indiana continued a record-breaking trend at the end of 2021. TechPoint, the state's nonprofit tech accelerator, says the state saw more than $958 million in venture capital investment last year, which is nearly triple the previous record set in 2019.... Read More

Inviting Tech Companies to Indiana

While a visitor itself, the state of Indiana rolled out the welcome mat last week at the Consumer Electronics Show (CES) 2022 in Las Vegas, inviting stakeholders in the tech space to examine the Hoosier State. ... Read More

Autonomous Challenge Winner Launches Spinoff Company

The winner of the inaugural Indy Autonomous Challenge has launched a spinoff company. TUM Autonomous Motorsport, the team from Technische Universität München in Germany, says driveblocks aims to develop a platform for fully autonomous vehicle applications.... Read More

ConverSight Opens HQ at 16 Tech

An Indianapolis-based artificial intelligence company has moved its headquarters into the 16 Tech Innovation District, which is located on the near westside of downtown Indy.... Read More

Thor Partners on Electric Drive System Development

Elkhart-based Thor Industries Inc. (NYSE: THO) has inked a Memorandum of Understanding with ZF Friedrichshafen AG, a vehicle technology company based in Germany. Thor says the partners will focus on the continued joint development of a high-voltage electric drive system for towable recreational vehicles.... Read More

Indy Ed Tech Company Lands Flywheel Fund Investment

An Indianapolis-based augmented analytics company focused on higher education has secured a $50,000 investment from Flywheel Fund, a capital fund run by The Mill in Bloomington. Invoke Learning says it will use the funding to fuel sales and marketing efforts.... Read More

Eleven Fifty Lands Grant to Fund Satellite Campuses

Indiana University Health is awarding $4.3 million to organizations throughout the state in an effort to boost housing and training needs among Hoosiers. One of those awards is a three-year, $1 million grant to Indianapolis-based Eleven Fifty Academy to open satellite campuses in 10 counties, including a location at the Fusion 54 coworking space in Crawfordsville.... Read More

RCA Commercial Acquired by Holdings Firm

Indianapolis-based RCA Commercial Electronics and its operating entity DTI Services have been acquired by Phoenix-based Alpine 4 Holdings Inc. (Nasdaq: ALPP). RCA is a legacy brand dating back to the early 20th century and was the technology leader ... Read More

Powderkeg Names ‘Unvalley Award’ Winners

Indianapolis-based Powderkeg has unveiled the winners of its 2022 Unvalley Awards. The tech networking platform says the awards "recognize the best startups and tech companies to work for in emerging tech communities beyond Silicon Valley."... Read More

Finvi Acquires Massachusetts Company

Muncie-based Finvi has made made an addition to its portfolio it says will enhance its consumer engagement offerings. The company, formerly known as Ontario Systems, has acquired Massachusetts-based Fonative, which had developed a Communications Platform-as-a-Service designed to help businesses connect with customers.... Read More

Tech Company Secures $48M Series C Funding

A California-based tech company with a growing presence in Indianapolis has closed on a $48 million Series C round of funding. Celigo, which bills itself as an Integration Platform-as-a-Service provider, says it will use the funding to accelerate global expansion and increase its go-to-market capacity.... Read More