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Radar · Life Sciences in Indianapolis

Best Life Sciences Companies in Indianapolis, United States

The 72 best Life Sciences companies in Indianapolis, United States in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Greenlight Guru.

72companies tracked
$556Mdisclosed funding
0unicorns
43have raised
FLIAR INTELLIGENCE · LIFE SCIENCES × INDIANAPOLIS

Our analysis of 164 Life Sciences companies

$34.7b in tracked funding; 83% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.

164companies analysed
83%cloud-native stacks
2025funding peak (by rounds)
7unicorns
2016median founding year
65kcombined LinkedIn audience
73%of audience held by top 3

Ranked: Best Life Sciences companies in Indianapolis

#CompanyDisclosed fundingEmployeesFounderTech stackStagePatents & IP focusRecent signals
1Greenlight Guru
Developer of quality management system software for the medical device industry
$121M154
154 → 139 (-10%)
Ed Holmes
CEO
HubSpot CMS HubSentryApple iCloud Mail+29Series A——
2SpectronRx
Provider of therapeutic and diagnostic isotope solutions
45Funding top 21%Growth top 28%Moat top 45%News top 46%
All 11 signals ▾
Fundingtop 21%
Growthtop 28%
Moattop 45%
Newstop 46%
Markettop 47%
Talentbottom 49%
Patentsbottom 41%
Techbottom 37%
Globalbottom 35%
Partnersbottom 35%
Innovationbottom 23%
Funding: Raised $85.0M across 1 rounds · 1 rounds over 1 yrs (1.0/yr)
Growth: Web rank 50,000,000 → 10,000,000 YoY · Fresh capital in last 24 mo
rank vs industry peers · Fliar Intelligence Index 45/100
$85M93John Zehner
CEO
WordPressMySQLPHP+14Series C2 patents
Radium-226 extraction from phosphogypsum waste streams
—
3NICO
Developer of technology for the field of neurological corridor surgery
$62M49—WordPressMySQLPHP+17Acquired293 patents
Minimally invasive surgical access devices and illumination-enabled instrument cannulas
—
4Biosynthetic Technologies
Producer of bio-based green oils
$52M14
14 → 11 (-21%)
Mark Miller
CEO
WordPress Block EditorWordPressMySQL+28Acquired198 patents
Synthetic estolide-based lubricants and base oils with enhanced oxidative stability
—
5Scioto Biosciences
Developer of therapies for diabetes, neurological disorders, gastrointestinal and others using probiotics
$34M10Jim Schulz
Co-Founder & CFO
—Series B——
6Chondrial Therapeutics
Biotechnology firm developing treatments for rare diseases using intracellular delivery platform
$23M21Mark Payne
Co-Founder
—Series A——
7FAST BioMedical
Fluorescent in-vivo markers to measure plasma volume and mGFR
$22M2——Deadpooled26 patents
Quantitative biomedical diagnostics using fluorescent markers and blood/renal volume measurement.
—
8Esanex
Developing anticancer heat shock protein (HSP) inhibitors
$19M—Steven Hall
CEO & President
—Deadpooled31 patents
Novel heterocyclic benzamide compounds for anticancer combination therapies
—
9Recovery Force
Wearable massage compression sleeves and wraps
$16M15——Series B59 patents
Wearable medical compression devices for deep vein thrombosis prevention and therapy
—
10Gate Neurosciences
Developer of therapies for a broad range of neuropsychiatric and cognitive disorders
$16M12Michael McCully
Co-Founder & CEO
—Funding Raised——
11Indigo BioAutomation
Automated data analysis, management and integration solutions
$12M27—WordPressApple iCloud MailMicrosoft 365+25Series B——
12Toralgen
Developer of oral formulations of anti-diabetic drugs
$10M9——Seed——
13SonarMed
Global healthcare technology company specializing in medical devices and therapies
$10M6——Acqui-Hired38 patents
Acoustic sensing for catheter navigation and respiratory device monitoring in medical applications.
—
14Vascugen
Regenerative medicine company developing cell therapies for vascular diseases and tissue engineering
$10M10Carter Cliff
Founder & CEO
—Series A2 patents
Engineered vasculogenic cell therapies for treating perfusion and vascular disorders.
—
15BioStorage Technologies
Life sciences solutions provider accelerating breakthroughs in therapies and sample management
$9M120——Acquired——
16Apexian Pharma
Developer of small molecule therapeutics for the treatment of cancer
$8M4——Series A——
17Sexton Biotechnologies
Developer of portfolio of process and handling solutions for pharma sectors
$5M20Monica Wight
Co-Founder
—Acquired14 patents
Cryogenic biopreservation containers and pathogen‑reduced platelet manufacturing technologies
—
18VoCare
Remote patient monitoring solutions enhancing value-based healthcare through connected medical devices
$5M2——Series A2 patents
Location-based personal emergency response devices and systems for real-time safety alerts
—
19Mitogen
Growth factor-infused orthopedic implants
$4M—Nelson Scharadin
Co-Founder & CEO
—Deadpooled——
20Early Is Good
Developer of multi-omic platform for biomarker detection to transform healthcare
$4M5Asel Liyanage
Co-Founder
—Seed——
21HB Therapeutics
Developer of therapeutic drugs designed to make anti-cancer and anti-aging medicines
$4M—Anita Bellail
Founder
—Funding Raised1,876 patents
Targeted protein degradation (PROTACs) and exosome-based therapies for oncology and neurodegeneration
—
22VitaCyte
Tissue dissociation enzymes
$4M18——Funding Raised——
23EndGenitor Technologies
Developing therapies using isolated adult stem /progenitor cells obtained from umbilical cord blood.
$2M—Ron Henriksen
Co-Founder
—Deadpooled4 patents
Specialized endothelial progenitor cell therapies and enhanced hematopoietic stem cell engraftment
—
24OpalGenix
Developer of a genetic test for precision opioid and pain management
$2M2Senthilkumar Sadhasivam
Founder
—Funding Raised——
25Rimedion
Gene therapies for rare diseases such as Fanconi Anemia.
$2M—Butch Mercer
Co-Founder & ex-CEO
—Deadpooled——
26Neurofox
Developing cell-free therapeutic factor for the treatment of neurological conditions.
$2M—Brian Johnstone
Co-Founder & Director of R&D
—Seed——
27Confluence Pharmaceuticals
Developing drugs to treat Fragile-X and Austism Spectrum Disorders
$2M4——Seed——
28GrannuS
Developer of small molecule inhibitors for the treatment of oncology
$1M2Sanket Mishra
Co-Founder
—Funding Raised39 patents
Integrated hydrogen, power, and fertilizer production using carbon capture and fuel‑cell by‑products
—
29Ultra Ankle
Product development company for injury prevention in sports
$1M3—Cart FunctionalityWooCommerceWordPress+26Public——
30NERx BioSciences
Discovery and development of targeted therapeutics for cancer
$1M2——Seed——
31Arkley Biotek
Provider of blood-based diagnostic for early detection of Alzheimer's disease
$1M5Paul Hyslop
Founder & GM
—Funding Raised——
32Theratome Bio
Regenerative medicine enhanced by AI, focusing on organ transplant and dry eye
$800K1Michael Coleman
CEO & President
—Seed——
33ImmuneWorks
Autoimmune Lung Diseases
$735K2——Seed——
34Butterfly BVM
Manufacturer of improved bag-valve-mask devices for CPR
$556K5—Wix eCommerceWixSentry+15Funding Raised—1 launch
35Xylogenics
Synthetic biology company engineering yeast for efficient fuel ethanol production
$525K6Cary Woods
Co-founder
—Seed18 patents
Engineered Saccharomyces yeast enabling glucoamylase‑free oligosaccharide fermentation to ethanol
—
36Maaguzi
Web and mobile based patient outcome reporting
$375K—Raul Zavaleta
ex-CEO
—Acquired——
37Cascade Metrix
Automating critical care analysis with innovative blood parameter measurement technology
$350K—Kislaya Kunjan
Co-Founder and Chief Technology Officer
—Funding Raised——
38bionode
Envato: Creative assets, tools, and services for creative professionals
$250K6Pedro Irazoqui
Co-Founder & CTO
—Seed——
39Compact Medical Solutions
Developer of breathing device
$235K—Gustavo Amorim
Co-Founder
—Seed——
40Rehab Medical
Provider of custom mobility equipment including wheelchairs and related accessories
$146K279
279 → 690 (+147%)
—Cart FunctionalityWix eCommerceWix+24Funding Raised——
41BioReact
Platform offering AI bioprocess parameter optimization software
$120K—Joanna Lipinski
Co-Founder & CTO
Cart FunctionalitySquarespace CommerceSquarespace+13Seed——
42Fertiligent
Provider of in-vitro fertilization device for artificial insemination
$110K—Amnon Weichselbaum
Co-Founder And Scientific Director
—Funding Raised——
43Insignum AgTech
Developer of plant signaling technology for optimized crop management decisions
$100K2Kyle Mohler
Founder & CEO
—Seed7 patents
Genetically engineered plants for rapid detection of pathogenic diseases in agriculture
—

Top 12 Life Sciences companies in Indianapolis

#1
Series C · Indianapolis, Indiana · founded 2004 · 93 employees
$85Mraised
▾

SpectronRx is a provider of therapeutic and diagnostic isotope solutions. It provides radionuclides and custom theranostic contract manufacturing like monoclonal antibody labelling, peptides, radiolabeling of molecules and chemical entities, and aptamers.

Fliar Intelligence Index™ 45how this company ranks against its industry peers
Funding
top 21%
Growth
top 28%
Moat
top 45%
News
top 46%
Market
top 47%
Talent
bottom 49%
Funding: Raised $85.0M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) · Last round Series C (Apr 2026)
Growth: Web rank 50,000,000 → 10,000,000 YoY · Fresh capital in last 24 mo
Moat: Editorial + unicorn rating 4/10 · IP moat: 2 patents
Audience (LinkedIn): 7k LinkedIn followers — 11.5% of this cohort's audience
Funding rounds
  • Apr 2026Series C$85M
Founders & team
John ZehnerCEO
Investors
Orbimed
Tech stack
DiviGaugesGodaddyGoogle Font ApiHstsHttp/3
#2
Funding Raised · Indianapolis, Indiana · founded 2020 · 2 employees
$2.4Mraised
▾

Developer of a genetic test for precision opioid and pain management. The GPS-Opioid technology is a pre-operative laboratory-developed test that has polygenetic and intelligent analytics for the prediction of opioid-related adverse effects, and severe surgical pain.

Funding rounds
  • May 2025Grant (prize money)$325.2K
  • Feb 2025Grant (prize money)$374.4K
  • Aug 2023Grant (prize money)$644.4K
  • May 2023Grant (prize money)$325.2K
Founders & team
Senthilkumar SadhasivamFounderSteven PlumpCEO
Investors
HHS
#3
Seed · Indianapolis, Indiana · founded 2023
$120Kraised
▾

Platform offering AI bioprocess parameter optimization software. It helps researchers understand bioreactor conditions to enable cell thriving. It provides an AI that is trained on data points covering various cells. It analyzes, models, and optimizes crucial parameters such as temperature, pH, nutrient concentrations, media composition, and fermentation times.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 3k LinkedIn followers — 4.0% of this cohort's audience
Funding rounds
  • Feb 2026Seed—
  • Sep 2024Seed$120K
  • Seed$1.1M
Founders & team
Joanna LipinskiCo-Founder & CTOAndrew ChiappettaCo-Founder & CSOMitchell CastetterCo-Founder & CEO
Investors
Techstars, New Stack Ventures, Hurricane Ventures, Plug and Play Tech Center, Service Provider Capital, The University of Tulsa
#4
Seed · Indianapolis, Indiana · founded 2019 · 5 employees
$4Mraised
▾

Developer of multi-omic platform for biomarker detection to transform healthcare. The platform facilitates simultaneous detection of DNAs, RNAs, proteins, and small molecules without extraction or amplification. It offers ultra attomolar sensitivity and simplified analysis readout from a basic plate reader. The company focuses on oncology product development, including bladder cancer monitoring and early prostate cancer detection.

Funding rounds
  • Sep 2024Grant (prize money)$821.8K
  • Nov 2022Seed$4M
Founders & team
Asel LiyanageCo-FounderThakshila LiyanageCo-Founder
Investors
Social Capital, HHS
#5
Seed · Indianapolis, Indiana · founded 2016
$235Kraised
▾

Compact medical solution is the developer of a breathing device. The platform has developed the bag-valve-mask resuscitator (BVM) device that protects patients’ lungs from hyperventilation and barotrauma.

Funding rounds
  • Sep 2025Seed$200K
  • Nov 2023Seed$685K
  • Sep 2020Seed$150K
  • Nov 2019Seed$85K
Founders & team
Gustavo AmorimCo-Founder
#6
Acquired · Indianapolis, Indiana · founded 2007 · 49 employees
$62Mraised
▾

Developer of technology for the field of neurological corridor surgery. It offers products that allow access through smaller openings and resection of soft tissue abnormalities. It includes BrainPath (brain lesion access), Myriad handpieces console system, and TRIOwand fluid management wand.

Funding rounds
  • Sep 2022Series B$12.6M
  • Nov 2018Series B$12.5M
  • Jun 2016Conventional Debt$8M
  • Feb 2016Series B$15M
Investors
Twilight Venture Partners, Rose-Hulman, RC Capital, The Halo Group, Indiana University Health, Square 1 Bank
Tech stack
Apache Http ServerCore-JsFont AwesomeGenesis ThemeGoogle AnalyticsGoogle Font Api
#7
Seed · Indianapolis, Indiana · founded 2019 · 2 employees
$100Kraised
▾

Developer of plant signaling technology for optimized crop management decisions. It provides genetic modification solutions for crops. It leverages gene editing technology to create crop traits that are bred into seeds, enabling growers to identify specific plant stresses. It facilitates farmers to optimize growth and deal with the issue of early-stage infections.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 1k LinkedIn followers — 2.3% of this cohort's audience
Funding rounds
  • Sep 2025Seed$2.4M
  • Apr 2025Seed$4.2M
  • Dec 2023Conventional Debt$600K
  • Mar 2023Seed—
Founders & team
Kyle MohlerFounder & CEO
Investors
Purdue University, Ag Ventures Alliance, Elevate Ventures, Countryside Angels, Gener8tor, Innova Memphis
#8
Seed · Indianapolis, Indiana · founded 2009 · 2 employees
$1.3Mraised
▾

Discovery and development of targeted therapeutics for cancer. The company is developing a new generation of cancer drugs that target specific cellular processes to detect and eliminate cancer cells. The company is developing drugs for lung and ovarian cancers.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 557 LinkedIn followers
Funding rounds
  • Aug 2024Grant (prize money)$1.1M
  • Nov 2021Seed$200K
  • Nov 2021Conventional Debt—
  • Jan 2019Seed$850K
Investors
IU, HHS, IU Ventures
#9
Series A · Indianapolis, Indiana · founded 2013 · 154 employees
$121.2Mraised
▾

Developer of quality management system software for the medical device industry. The software facilitates product development, quality assurance, and clinical data management. It offers solutions for risk assessment, regulatory submissions, audit readiness, and post-market quality management. The software provides features for design control, risk management, and change management.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 25k LinkedIn followers — 37.9% of this cohort's audience
Funding rounds
  • Jun 2021Series A$120M
  • Feb 2015Seed$1.2M
Founders & team
Ed HolmesCEO
Investors
JMI Management, Elevate Ventures
Tech stack
6SenseAmazon SesAmazon Web ServicesAosApple Icloud MailChili Piper
#10
Acqui-Hired · Indianapolis, Indiana · founded 2005 · 6 employees
$10.1Mraised
▾

Global healthcare technology company specializing in medical devices and therapies. It offers a wide array of products and solutions for healthcare professionals and patients. The company focuses on various therapeutic areas, including cardiac rhythm management, cardiovascular, diabetes, neurological, spinal, and respiratory care. It provides access to instruments, bladder and bowel solutions, surgical energy, surgical navigation, and patient monitoring systems. The company supports healthcare providers with digital ordering, electronic data interchange, and training programs. It also offers patient services, including remote monitoring and product support. The company is committed to innovation, inclusion, diversity, and health equity, aiming to improve lives through medical technology.

Funding rounds
  • May 2023Grant (prize money)$322.9K
  • Sep 2022Grant (prize money)$812.3K
  • May 2017Series C$3M
  • Jul 2016Conventional Debt$861.3K
Investors
BioCrossroads, South Coast Angel Network, VisionTech Partners, Spring Mill Venture Partners, Queen City Angels, HPA
Tech stack
Adobe Experience ManagerJavaApache Http ServerOnetrustJqueryCoveo
#11
Series B · Indianapolis, Indiana · founded 2017 · 10 employees
$33.8Mraised
▾

Developer of therapies for diabetes, neurological disorders, gastrointestinal and others using probiotics. The platform develops biofilm formation over the polysaccharide microspheres which helps the probiotics for adhesion to the intestinal mucosa for a longer time.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 1k LinkedIn followers
Funding rounds
  • 2021Series B$5.5M
  • Aug 2020Series B$26.5M
  • Aug 2019Grant (prize money)$2.3M
  • 2018Series A—
Founders & team
Jim SchulzCo-Founder & CFO
Investors
NIGMS, VisionTech Partners, BioCrossroads, Elevate Ventures, Rev1 Ventures, Genome & Company
Tech stack
WordpressMysqlPhpYoast SeoNginxMonsterinsights
#12
Acquired · Indianapolis, Indiana · founded 2012 · 14 employees
$52.2Mraised
▾

Manufacturer of bio-based green oils. They produce synthetic oils, called estolides, from organic fatty acids found in various bio-derived oils. These are bio-degradable & non-toxic and can be used as the primary base oil of a lubricant formulation, a component of a base oil co-blend, or as an additive. These oils have applications in many industries, such as cosmetic, chemicals, food-grade lubricants, car motor oil, and marine lubricant.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 4k LinkedIn followers — 5.9% of this cohort's audience
Funding rounds
  • May 2019Series A$9.5M
  • Feb 2017Conventional Debt$16.5M
  • Oct 2014Series A$12M
  • Jul 2014Series A—
Founders & team
Mark MillerCEO
Investors
The Heritage Group, Monsanto, BP Ventures, Evonik Venture Capital, OSTI, HG Ventures
Tech stack
CloudflareCloudflare Browser InsightsContact Form 7Core-JsDropboxFont Awesome

Funding & investor landscape

$556Mtotal disclosed funding
43companies funded
148disclosed rounds
1rounds last 90 days
Most active investors
HHS15 rounds
Elevate Ventures14 rounds
BioCrossroads6 rounds
VisionTech Partners6 rounds
IU Ventures5 rounds
NIH4 rounds
Collina Ventures3 rounds
IN.gov2 rounds
IU2 rounds
Plug and Play Tech Center2 rounds

Notable founders

John Zehner
CEO · SpectronRx
Senthilkumar Sadhasivam
Founder · OpalGenix
Steven Plump
CEO · OpalGenix
Joanna Lipinski
Co-Founder & CTO · BioReact
Andrew Chiappetta
Co-Founder & CSO · BioReact
Asel Liyanage
Co-Founder · Early Is Good
Thakshila Liyanage
Co-Founder · Early Is Good
Gustavo Amorim
Co-Founder · Compact Medical Solutions
Kyle Mohler
Founder & CEO · Insignum AgTech
Ed Holmes
CEO · Greenlight Guru
Jim Schulz
Co-Founder & CFO · Scioto Biosciences
Mark Miller
CEO · Biosynthetic Technologies
Prism market signals · United States · country-scoped Prism corpus, 1,465,538 docs

Market landscape — 10 sub-themes by coverage

Share of Life Sciences coverage by sub-theme.

Regulatory-risk over time rising

Funding & growth over time

funding rising · growth rising

RESEARCH FROM Indianapolis · institutions

What Indianapolis researches in biotechnology

18 papersstance +0.5762% breakthrough0% concern
breakthrough · advancement · concern
local research themes
Cancer-related gene regulationBone health and treatmentsRNA modifications and cancerHIV/AIDS drug development and treatmentHematopoietic Stem Cell TransplantationChronic Myeloid Leukemia Treatments
top institutions
  • Indiana University – Purdue University Indianapolis18
  • Indianapolis Zoo1
  • University of Indianapolis1

Common questions

How many Life Sciences companies are there in Indianapolis, United States?
Radar tracks 72 indexable Life Sciences companies headquartered in Indianapolis, United States that meet our profile-completeness bar.
What is the total funding raised by Life Sciences companies in Indianapolis, United States?
The Life Sciences companies in Indianapolis, United States on this list have raised a combined $556M in disclosed equity funding across 43 funded companies.
Which is the highest-funded Life Sciences company in Indianapolis, United States?
Greenlight Guru is the highest-funded Life Sciences company in Indianapolis, United States, with $121.2M in disclosed equity funding.
How many Life Sciences companies in Indianapolis, United States are funded?
43 of the 72 Life Sciences companies in Indianapolis, United States on this list have disclosed at least one equity funding round.
How many Life Sciences unicorns are there in Indianapolis, United States?
None of the Life Sciences companies in Indianapolis, United States on this list currently has a disclosed valuation of $1B or more.
Who are the top investors in Indianapolis, United States Life Sciences companies?
The most active investors in Indianapolis, United States Life Sciences companies on this list include HHS, Elevate Ventures, BioCrossroads, VisionTech Partners, IU Ventures.
Rohit KhannaTrends & Stories

Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.

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