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Venture Notes - 13 August 2018
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CEO Brett Shaw

DISCOVERY Sound Technology of Nashville reported August 9th it had raised $1.2MM equity capital toward its $5MM goal. The 9-year-old company offers an ultrasound diagnostic platform marketed for the HVAC sector, with emphasis on electromechanical equipment. Its Discovery Platform is complemented by cloud-based analytics. DST's registrar with the State of Tennessee is local Super-Angel and entrepreneur Crom Carmichael. President and CEO Brett Shaw joined the firm in April this year, and previously spent more than 20 years with various Stanley Black & Decker units. Brett's LinkedIn profile says of DST, in part, "Discovery Sound Technology (DST) was founded on a patented digital data capture process that transforms how Ultrasound is used to provide meaningful analytics on electrical, mechanical and pneumatic equipment. DST defined and patented a new metric, combining features of Vibration and Sound technology into one, simple and easy-to-use PM/PdM solution - The Discovery PlatformTM. DST's suite of IoT products range from technician enabled hand-held units, permanently-mounted devices and continuously monitoring systems. The SoundEnergyTM and SoundSignaturesTM sourced by these proprietary devices are processed within DST's patented comparative analytic center hosted online or on a mobile device, providing real time insight into equipment condition and any required maintenance." John Jenkins, a VU Owen MBA-holder, is CTO and immediate former CEO of the company. Also associated with the filing: Israel-based investor Igal Zamir; California-based Regan Brown, a member of the DST executive board; and, engineer Michael Stumpf. Since 2011, the company made a series of much smaller filings here. Attorney Gary Montle of the Patterson law firm is shown a DST servicemark application. Related: Crunchbase.

Jason Provonsha

CHATTANOOGA: Steam Logistics CEO Jason Provonsha, along with Barry Large, Ted Alling, Allan Davis, Steve Cox, filed for a $4MM raise. The company provides custom supply-chain solutions. It began as the international arm of then-Access America Transport, which sold in 2014 to Coyote Logistics.

EVERLY's new-ish CEO Ryan Gaines, the startup's former COO, is on the filing for a $250K raise. Gaines succeeded now-Director Kyle McCollom. EVERLY makes drink mixes and oral rehydration salts packets.

NOOGA.COM today announced its melding via partnership into 6AM City, based in Greenville, S.C.

CHRISTINE HOLMES, Nashville-based CEO of Global Community, filed with the SEC for a $200K raise to advance its cross-cultural family travel services business.

Earlier Venture Notes compilations - click here.


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Tags: 6AM City, Access America Transport, Allan Davis, Barry Large, Brett Shaw, Christine Holmes, Crom Carmichael, Discovery Sound Technology, Global Community, Jason Provonsha, John Jenkins, Kyle McCollom, Nooga.com, Regan Brown, Ryan Gaines, Stanley Black and Decker, Steam Logistics, Steve Cox, Ted Alling, Venture Notes

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