Catipult.AI Expands Indianapolis, Indiana, Operations
01/29/2021
The company, located at 55 Monument Circle, is investing more than $2.6 million to expand its team and operations in order to support its increasing client base. To support its growth, Catipult.AI plans to secure a larger Indianapolis office space and is exploring location options.
"Indianapolis is the perfect place to grow a tech business," said Peter Fuller, president of Catipult.AI. "There is a growing technology hub here, and we are excited to be a part of that growth."
The Indiana Economic Development Corporation offered Catipult Inc. dba Catipult.AI up to $950,000 in conditional tax credits and up to $50,000 in training grants based on the company's job creation plans. These tax credits are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired. The city of Indianapolis supports the project in partnership with Develop Indy.
“Central Indiana’s tech community is thriving with an impressive number of tech companies, like Catipult.AI, choosing our state for growth," said Indiana Secretary of Commerce Jim Schellinger. "Indianapolis is growing its reputation as a tech hub, and our state's quality of life, low cost of living and business-friendly environment make it the ideal location for companies like Catipult.AI to grow their teams."
Founded in 2019 by Fuller, Catipult.AI rolled out its software in March 2020. In addition to its software and strategic planning, the company also offers personal leadership services and currently has four certified John Maxwell Leadership coaches with expertise in assessments, team building, talent optimization and the company's Adaptive Leadership Coaching methodology. Catipult.AI secured an $80,000 pre-seed investment from the Elevate Nexus Pitch Competition in December 2020.
“We welcome the expansion of Catipult.AI, one of many growing businesses in Indianapolis’s burgeoning tech sector,” said Indianapolis Mayor Joe Hogsett. “Our city continues to add good-paying jobs thanks to our high quality of life and welcoming business environment.”
Project Announcements
PEAK Precision Manufacturing Plans Bowling Green, Kentucky, Operations
07/26/2024
Italy-Based Sipcam Agro USA Upgrades Wayne County, Mississippi, Operations
07/26/2024
Cleveland-Cliffs Plans Weirton, West Virginia, Operations
07/26/2024
IDEXX Laboratories Plans Wilson, North Carolina, Production Operations
07/26/2024
Germany-Based Ritz Instrument Transformers Plans Waynesboro, Georgia, Operations
07/26/2024
AirJoule Plans Newark-Wilmington, Delaware, Operations
07/26/2024
Most Read
-
19th Annual Area Development Gold and Silver Shovel Awards
Q2 2024
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
The CHIPS and Science Act will bring jobs back to the United States
Q2 2024
-
The Bring Your Own Energy (BYOE) Party Is Starting
Q2 2024
-
2023 Top States Commentary: Top-Ranked States Have What It Takes to Win Mega Projects
Q3 2023
-
How to Overcome NIMBYism in Data Centers
Q2 2024