The Indianapolis tech scene has experienced major growth and transformed the city into a burgeoning hub for innovation and entrepreneurship. According to a 2023 report from the Indiana Economic Development Corporation, the tech sector has grown by over 30% in the last five years, with more than 1,200 tech companies in Indianapolis.
In recent years, groups like TechPoint and High Alpha have played a crucial role in nurturing local tech entrepreneurs. The city has also seen a surge in tech-related events, hackathons, and networking opportunities. Notably, Indianapolis ranked as one of the top emerging tech markets in the United States, drawing attention from investors and tech giants alike.
The city's commitment to tech development is reflected in its growing venture capital investment, which reached approximately $400 million in 2022, a remarkable increase from previous years.
As more startups flourish and established companies expand, Indianapolis is poised to solidify its status as a key player in the national tech landscape, attracting talent and investment well into the future. Here’s which tech companies in Indianapolis we’re watching in 2025.
17 Tech Companies in Indianapolis To Know in 2025
Image source: 120Water Facebook page
120Water
120Water is a cloud-based system for water management, ensuring safety and compliance in organizations' water systems. In early 2024, the company raised $43 million, bringing its total funding to $54.5 million. As one of the leading tech companies in Indianapolis, 120Water's success demonstrates the city's growing importance in environmental technology solutions.
Image source: 3Aware website
3Aware
3Aware is a real-time software surveillance platform, offering aiSurveillance™, a new market category for the post-market life cycle of medical devices. The company raised over $2 million in seed funding earlier this year. 3Aware's innovative approach to medical device monitoring contributes to Indianapolis's reputation as a hub for health tech innovation.
Bloomerang
Bloomerang, a software platform that helps nonprofits deliver a better giving experience, is a prominent player among tech companies in Indianapolis. They’ve raised a total of $33.9 million in funding over five rounds, including their latest round in February, 2024. Bloomerang's continued growth highlights the strength of Indianapolis's tech ecosystem, particularly in the nonprofit technology sector.
Image source: Bolster website
Bolster
Bolster combines the power of experienced recruiters with an intelligent search platform to surface the best candidates and deliver a superior search experience. The company raised over $8 million in July 2024.
DriverReach
DriverReach is a modern recruiting and compliance management system purpose-built for trucking and logistics companies. They raised over $2.5 million in Series B funding this year, making it one of the top emerging tech companies in Indianapolis.
Image source: Elate LinkedIn page
Elate
Elate is a Strategic Planning & Execution Software company that raised $3.2 million in funding in 2024. Their growth contributes to Indianapolis's reputation as a hub for enterprise software solutions. Elate's strategic planning tools address a critical need for businesses in various sectors.
FormAssembly
FormAssembly offers unlimited web forms and secure data collection solutions. Founded in Bloomington and now remote-first, the company raised $4 million in March 2024. FormAssembly's success demonstrates the adaptability and innovation of tech companies in Indianapolis and the surrounding area.
GEOH
GEOH is a home healthcare software company that raised $3 million in seed funding in July. Their focus on improving home healthcare through technology aligns with the growing trend of health tech innovations.
Image source: hc1 website
hc1
hc1 empowers labs to deliver superior outcomes through patented healthcare solutions powered by AI and ML. The company raised $6.5 million in September 2024. As one of the prominent tech companies in Indianapolis, hc1's success in the healthcare AI sector highlights the city's strength in combining healthcare and technology innovations.
Overfuel
Overfuel offers industry-leading website performance, local SEO dominance, AI-enhanced inventory, and rich analytics for dealerships. The company raised $1.5 million in seed funding in May.
PAXAFE
PAXAFE raised $9 million in Series A funding in May 2024 to automate the cold supply chain. Their innovative approach to supply chain management addresses critical needs in logistics and transportation. PAXAFE's growth contributes to Indianapolis's reputation as a hub for logistics technology.
Prevounce
Prevounce offers comprehensive solutions for effective remote patient monitoring, chronic care management, and annual wellness services. The company raised Series A funding last year and continues to grow. Prevounce's success in the telehealth sector aligns with the broader trend of health tech innovations in Indianapolis.
Image source: SalesAI website
SalesAI
SalesAI, powered by Kennected, raised $25 million in funding in July 2024. The company's strategic transition towards AI sales tools signals a groundbreaking shift in the AI community. As one of the innovative tech companies in Indianapolis, SalesAI's focus on disrupting traditional B2B sales methodologies with AI-powered solutions highlights the city's growing importance in AI and sales technology.
Tenon
Tenon is a fully connected marketing platform that brings campaigns from brainstorm to brilliance in a single solution with marketing work and marketing automation. In May 2024, they raised $8 million in Series A funding led by High Alpha. Tenon's growth contributes to Indianapolis's reputation as a hub for marketing technology innovations.
Image source: Upper Hand website
Upper Hand
Upper Hand is the leading provider of full-suite sports and fitness management software. The company raised funding this year to bring its total up to $11.6 million.
Image source: Your Money Line Facebook page
Your Money Line
Your Money Line raised $4.5 million in Series A funding to improve employee financial health with AI. The funding round was led by Allos Ventures, with participation from First Trust Capital Partners, CareSource, and Elevate Ventures.
Yourco
Yourco is a communication and automation platform that helps HR and Managers communicate effectively with their non-desk employees. One of the many emerging tech companies in Indianapolis, Yourco raised $2 million in seed funding last year. Yourco's innovative approach to workforce communication adds to the diversity of tech solutions emerging from Indianapolis's thriving startup ecosystem.
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