Top 5 Indianapolis Startups to Watch in 2026
Indianapolis is growing a strong technology sector, with many companies focused on software and data analytics.
Among them are cloud infrastructure company Scale Computing, which has raised over $202.8 million, and financial services firm Sanctuary Wealth with $175 million in funding. Other companies specialize in areas like AI-powered analytics and health data software.
Below is our list of 5 Indianapolis startups worth keeping an eye on.
Failory's Top 5 Picks
ConverSight builds a decision intelligence platform that gives businesses a single source for analytics and insights. The company’s AI assistant, Athena, uses generative AI and natural language processing to help teams find answers in their data.
| Year Founded | 2017 |
| Founders | Ganesh Gandhieswaran, Gopinath Jaganmohan |
| Funding Amount | $16M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Series A |
| Top Investors | Techstars, Rev1 Ventures, Augment Ventures, Surface Ventures, Elevate Ventures |
Scale Computing provides a unified platform that combines servers, storage, and virtualization into a single system for IT teams. This approach helps organizations run applications anywhere, from the data center to the network edge, without the complexity of traditional infrastructure.
| Year Founded | 2007 |
| Founders | Ehren Maedge, Jason Collier, Jeff Ready, Mike Olson, Scott Loughmiller |
| Funding Amount | $202.8M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Venture Round |
| Top Investors | Benchmark, Scale Venture Partners, Lenovo, Allos Ventures, Northgate Capital |
Sanctuary Wealth created a platform for elite financial advisors to launch and own their independent practices. They provide partnered independence through a suite of operational, compliance, and technology solutions for wealth management firms.
| Year Founded | 2018 |
| Founders | — |
| Funding Amount | $175M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Convertible Note |
| Top Investors | Kennedy Lewis Investment Management |
Ekkobar offers an AI analytics platform that translates complex data into compelling narratives. The technology is built to uncover insights for clients in media, sports, and politics, telling the story behind the numbers.
| Year Founded | 2019 |
| Founders | Amber Dodson, Rhys Ryan |
| Funding Amount | $950k |
| Startup Size | Founding Team (1-10) |
| Last Funding Status | Seed |
| Top Investors | Elevate Ventures, Comcast NBCUniversal SportsTech, Taissa Maleh |
Springbuk builds a health intelligence platform that helps employers, health plans, and consultants analyze their healthcare data. The company's software provides actionable insights to manage costs and prevent disease before it starts.
| Year Founded | 2015 |
| Founders | Phil Daniels, Rod Reasen |
| Funding Amount | $42.4M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series C |
| Top Investors | Sovereign’s Capital, HealthQuest Capital, Elevate Ventures, Lewis & Clark Ventures, Cambia Health Solutions |
