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February 19th, 2016

February 19th, 2016

TENNESSEE INNOVATION IN THE NEWS

Cicayda LLC Extends Series B for Growth, Receives Suitors
Venture Nashville Connections
Cicayda LLC, the Nashville startup with a cloud-based eDiscovery platform supporting the work of legal professionals, is raising more capital to fund its growth and frequently receives approaches from potential buyers and would-be investors. CEO Billy Hyatt told Venture Nashville the company seeks to raise roughly $1.5MM-$2MM in its recently extended Series B round. Hyatt, 49, recently rose within the company to CEO when majority owner and Co-Founder Roe Frazier moved to chairman. CTO Jason Cox co-founded the firm with Frazer in 2012.

LAUNCH Business Entrepreneurship Academy Open for Applications
Nooga
LAUNCH is gearing up for its spring Business Entrepreneurship Academy, which teaches budding entrepreneurs how to start their own businesses. “Anyone that is interested in starting a small business and needs some guidelines, or maybe [who] already has a small business and wants to go back and reassess, [should take the class],” Gina Soltau, LAUNCH program director, said. The local organization aims to empower community members through entrepreneurship, job training and mentorship.

Meet the Latest San Francisco Company to Set Up Shop in the Heart of Nashville
Nashville Business Journal
The downtown Nashville office of DayNine, a consulting firm based in San Francisco suburb Pleasanton, is already buzzing with activity as the company ramps its way up to more than 200 employees. The firm, which first announced plans to open in Nashville’s Bank of America Plaza last summer, started setting up shop in the 12th floor about two months ago, said Tim Ramos, DayNine’s co-founder and CEO, and is this week celebrating its grand opening in the space. Eventually, the firm will take up two full floors and house 250 employees by 2017, with plans for future expansion.

Nonprofit Aims to Put Memphis Music Back on the National Stage
High Ground News
The Consortium MMT (Memphis Music Town) is a non-profit organization whose mission is to develop a viable music industry in Memphis. Founded in 2012 by singer/songwriter/record producer David Porter, the organization provides a structured learning environment through four programs in order to build a new generation of commercially successful music entrepreneurs and professionals. Leading the charge for The Consortium MMT is George Monger, Vice-President and Executive Director. In regards to hiring Monger, David Porter remembers, “I couldn’t be happier, more comfortable and confident in anyone to do the job that’s necessary for this program more so than George.”

Six-Month Old T & T Scientific Launches LipX Extrusion Product
Teknovation
The Co-Founders of T & T Scientific, the top cash winner in the latest “Boyd Venture Fund Challenge” at the University of Tennessee (UT), connected on the first day that one of the “Ts” started his doctoral work on campus. Chattanooga-native Graham Taylor says he met Nima Tamaddoni four years ago when the former returned to Knoxville after several years working for a large medical device company (Medtronic) and another well-known enterprise (Merit Medical Systems) based just outside in Salt Lake City. Taylor had earned his undergraduate degree in biomedical engineering from UT in 2007. Meanwhile, Tamaddoni had started his academic pursuits at UT in 2006, focusing on mechanical engineering.

TechnologyAdvice Plants New Tech Hub Near Fairgrounds
The Tennessean
TechnologyAdvice, a Nashville tech firm, is transforming its new space into a Nashville tech center with the addition of two organizations — Nashville Technology Council and Nashville Software School. The company’s new location is the former home of the Tennessee Hospital Association, located off Nolensville Pike near the Tennessee State Fairgrounds.TechnologyAdvice, led by CEO Rob Bellenfant, moved into the building in October.

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