Reductive Labs has secured almost $2 million in venture funding and will consolidate its executive team – CEO Luke Kanies now lives in Nashville – in the Northwest. Reductive's software helps companies manage their IT systems. SEE ALSO: Milt Capps' follow-up with Kanies, who's not afraid to call out Nashville's tech scene.
Jun 23, 2009 8:52 AM
Venture Nashville reports on a promising alliance between a Vancouver company and Murfreesboro-based entrepreneur Jimmy Davis that looks set to bring to the region 250 jobs making energy-efficient street lighting.
He added that Middle Tennessee's slumping automotive related companies "are all looking for another industry" and have exactly the capabilities needed by the green industries he's targeted. "We think we let the [economic emphasis] on the auto industry run way too long," he added.
Jun 23, 2009 8:10 AM
Speaking to reporters after his company shareholders' meeting in Tokyo, Carlos Ghosn said Nissan will build electric cars and the batteries that will power them in Tennessee. The initial production capacity of 100,000 suggests the auto maker's investment could reach $1 billion based on numbers Nikkei first reported a few days ago.
Jun 23, 2009 12:56 AM
Local health care information firm Data Advantage has started its own blog. Those interested in issues facing the health care world can now hear a local insider's take from the company's highly regarded chief executive Hal Andrews, who has been responsible for most of the site's posts. To view The Healthcare Value Blog, click here.
Jun 22, 2009 1:42 PM
Milt Capps reports on the progress being made by Nashville-based start-up Moontoast, which recently named former Juris boss Stephen Collins its new CEO. Now the company, which aims to 'democratize knowledge' by connecting those who know with those who want to know, has raised almost $800,000 in seed capital.
Jun 22, 2009 12:08 PM
A Japanese paper says Nissan plans to invest at least $500 million into electric-car production lines at its Smyrna plant. The company, which is on track to begin building electric cars in Japan in the fall of 2010, early this year applied for a Department of Energy loan to help it make more energy-efficient cars.
Jun 20, 2009 12:05 PM
A report from UMass researchers, the Natural Resources Defense Council and Green for All says that ramping up Middle Tennessee clean-energy investments of $815 million a year — a figure based on what a think tank sees being generated by stimulus, subsidies and the like — will generate more than 10,000 jobs in the region, more than half of them for people with high-school degrees or less. The $815 million number is based on a $150 billion national number that amounts to 1.1 percent of GDP. For some perspective, that amount equates to the construction of five Pinnacle at Symphony Place office towers every year.
Jun 18, 2009 1:37 PM
The Franklin-based maker of regnerative tissues has submitted several parts of its application to bring Augment Bone Graft to market. Investors are rewarding that by pushing up its shares (Ticker: BMTI) by 7 percent in pre-market action this morning.
Jun 18, 2009 8:03 AM
POSTDATA: WARRANTY DEEDS