KAR Auction Services

The fourth quarter of 2018 turned out to be a busy one for both venture capital investments and acquisitions in Indiana. Over $45 million in funding was publicly announced, with $34.8 million going to Scale Computing of Indianapolis in one of the largest capital raises for a tech company in Indiana in recent years.

With more than 17,500 employees working at more than 20 brands and nearly 1,600 at locations in Indianapolis, Plainfield, Fort Wayne and South Bend, KAR Auction Services is continuing to grow and hire.

Indiana’s business landscape is evolving and changing. The legacy, blue-collar framework of Indiana is being challenged by technology startups and dramatically shifting statewide innovation priorities.

During the first quarter of 2018, there were four publicly announced capital raises with a combined total of over $33 million. There were also six acquisitions of Indiana tech companies by out-of-state companies, while two Indiana tech companies played the role of acquirer.

Last month, Glassdoor ranked Indianapolis one of the 25 best cities for jobs in 2017, and CIO magazine says Indy is one of 13 best-value cities for hiring tech talent. Those are great rankings to see if you are an entrepreneur planning your next venture or for CEOs looking to expand their footprint. Below is a list […]