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Indiana's startup scene is defined by its industrial diversity, spanning from advanced manufacturing to enterprise software. The state hosts a range of companies from early-stage ventures to more mature businesses.
For instance, workplace productivity platform Formstack has raised $425 million. In contrast, ReElement Technologies is developing metal recovery solutions with $22 million in funding.
Below is our list of 11 Indiana startups worth keeping an eye on.
Everything you need to raise funding for your startup, including 3,500+ investors, 7 tools, 18 templates and 3 learning resources.
Buy It For $97 $297 →Information about the industries, countries, and cities they generally invest in.
Get the Sheet for $50Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.
Get the Sheet for $50List of startup investors in the BioTech, Health, and Medicine industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50List of 250 startup investors in the AI and Machine Learning industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50List of 250 startup investors in the FinTech and Finance industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50ReElement Technologies has developed a chromatography-based system for recovering and purifying critical metals. Their solutions help create a domestic supply chain for rare earth and battery-grade materials by recycling them from end-of-life products.
ConverSight built a decision intelligence platform that uses its AI assistant, Athena, to deliver business insights. Their system combines generative AI and advanced analytics, allowing teams to get direct answers from complex company data.
Scale Computing builds IT infrastructure products that replace complex traditional systems with a single, unified platform. Their core offering, the HC3 software, integrates servers, storage, and virtualization to help organizations run applications, particularly in edge computing environments.
Sanctuary Wealth operates a platform for elite financial advisors looking to launch and own their independent wealth management firms. Their partnered independence model provides these firms with the technology, compliance, and operational support needed to serve their clients.
Ekkobar has developed an AI analytics platform designed for organizations in media, entertainment, politics, and sports. The software translates complex data into narrative insights, helping clients understand the story behind the numbers.
Tempo builds a personalized assistance and payments platform that blends human support with AI. Their team of experts and AI work together to handle daily needs for users, from making reservations to managing personal errands.
Springbuk's health intelligence platform helps employers and consultants use data to prevent disease. The software provides predictive insights to manage healthcare investments and proactively identify health risks.
Bloomerang develops a CRM platform that helps nonprofits manage their donor relationships and fundraising efforts. Their tools are designed to analyze donor data, helping organizations build stronger connections with supporters and raise more money.
Formstack offers a workplace productivity platform that helps organizations digitize processes and automate workflows without writing any code. Their suite of tools allows teams to build everything from complex surveys to automated document workflows, all through a user-friendly interface.
First Savings Financial Group operates a community bank that provides personal and business banking services. They offer a suite of financial products designed to support both individual customers and local businesses.
Those ten companies are a great snapshot, but the full picture of Indiana's startup community is much larger. Founders across the state are building and growing their businesses every day.
Some are more established, like marketplace platforms that have raised tens of millions of dollars. Here’s a look at another company helping to define the state's startup scene.
| Startup | Industry | Year Founded | Amount Raised | Last Funding Round |
|---|---|---|---|---|
| Marketplace | 2008 | $27.6M | Venture Round |
