The eight largest qualifying Indiana startup funding events identified between January 1 and September 16, 2026 totaled approximately $48.16 million. The ranking spans advanced manufacturing, live entertainment technology, physical security, healthcare, marketplaces, workforce technology, and medical technology. INTALUS leads with $20 million, followed by Opendate at $14 million and Ateios Systems at $7.25 million.
Methodology
This ranking includes publicly reported startup funding rounds involving Indiana-headquartered companies or startups clearly tied to the Indiana ecosystem at the time of financing, provided the amount raised was disclosed. Funding stage was recorded where explicitly reported; transactions without a disclosed stage remained eligible when company, investor, or credible media reporting clearly identified them as startup funding events. Transactions reported only through securities filings were excluded unless the same financing was independently identified as a startup funding round or investment by the company, a named investor, or credible media reporting. Funding databases and automated trackers alone were not treated as independent confirmation. Rounds that began in earlier years, transactions with undisclosed amounts, grants, and offering targets not representing capital actually raised were also excluded.
Indiana’s Eight Largest Startup Funding Events in 2026
INTALUS
Amount: $20 million | Stage: Seed | Sector: Advanced Manufacturing & Materials
INTALUS secured an additional $20 million in Seed funding to accelerate commercialization of its advanced metal-ceramic technology. The company, which announced plans to establish a production facility in West Lafayette, develops processes that combine ceramic performance with metal components for aerospace, defense, energy, and industrial applications.
Opendate
Amount: $14 million | Stage: Series A | Sector: Media, Content & Entertainment
Indianapolis-based Opendate raised a $14 million Series A led by High Alpha. Its platform combines booking, ticketing, marketing, customer data, and venue-management tools for live entertainment businesses. The financing ranks second in the 2026 Indiana funding ranking.
Ateios Systems
Amount: $7.25 million | Stage: Series A | Sector: Advanced Manufacturing & Materials
Ateios Systems closed a $7.25 million Series A to scale its battery electrode manufacturing technology. The Indiana company develops materials and production processes intended to improve lithium-ion battery electrode manufacturing. The round places Ateios third in the ranking.
Bearing
Amount: $4.5 million | Stage: Seed | Sector: Defense, Security & Public Safety
Bearing raised an oversubscribed $4.5 million Seed round led by AZ-VC, with participation from High Alpha, PHX Ventures, and Lightbank. The Indianapolis company develops physical-security operations software built on ServiceNow. The funding supports product development, team expansion, and broader deployment.
Perenna Health
Amount: $1 million | Stage: Pre-seed | Sector: HealthTech
Fort Wayne-based Perenna Health launched with $1 million in Pre-seed funding from the 1842 Fund. The company develops an AI-native platform designed to help healthcare providers manage Medicaid eligibility, coverage continuity, and administrative workflows. The round ranks fifth among the qualifying financings.
Neighbor Serve
Amount: $656,954 | Stage: Seed | Sector: E-commerce, Retail & Marketplaces
Indianapolis-based Neighbor Serve raised $656,954 in Seed funding while building a marketplace connecting homeowners with local service providers. Fireroad announced its investment in the company.
Tsenta
Amount: $500,000 | Stage: Undisclosed | Sector: HR & Workforce
Tsenta received $500,000 in Y Combinator funding after the startup founded by Rose-Hulman students Agnay Srivastava and Pulkit Gupta was accepted into the accelerator. The financing was publicly reported as startup funding, but no conventional Pre-seed, Seed, or Series stage was disclosed. Its stage therefore remains Undisclosed.
EarSmartAI
Amount: $250,000 | Stage: Pre-seed | Sector: MedTech
Indianapolis-based EarSmartAI secured a $250,000 Pre-seed investment from Boomerang Ventures. The company is developing an AI-powered diagnostic platform combining a connected otoscope, mobile software, and proprietary algorithms for pediatric ear infections. The round sets the current lower bound of the ranking at $250,000.
The eight qualifying financings total approximately $48.16 million, with INTALUS and Opendate accounting for about 70.6% of the capital represented. Adding Ateios Systems brings the top three to roughly 85.7%, while Advanced Manufacturing & Materials contributes $27.25 million, or about 56.6% of the total. Genuine Indiana startup rounds with undisclosed amounts are excluded from the numerical ranking because they cannot be compared by money raised.