Coding camps

Houston startup aims to arm the energy industry's workforce with coding skills

Daytum exists to train coding experts in oil and gas. Getty Images

Nearly 2,000 miles separate the energy industry of Houston and Silicon Valley where startups have cropped up to help manage the thousands of data points collected on oil rigs each day. The different geographies have developed their own dialects: data scientists on the West Coast talk about how operations should be, according to their models, while the lingo of Third Coast engineers and technicians centers on oil-specific operations.

Last year, while working in natural resource investing from Houston, Kunal Rayakar realized he had heard from a number of students who could, uniquely, speak both. The reason: They knew coding languages, which meant they could analyze their own data and bridge that gap between the coasts. When Rayakar followed the trail of students to the University of Texas at Austin, he found two engineering professors, John Foster and Michael Pyrcz, who were teaching their students data skills as part of the curriculum. They started talking, and eventually Foster and Rayakar founded daytum — and soon after, Pyrcz joined, too.

"The intention is to give people more awareness of the data that comes through, so they can make faster decisions," Rayakar says.

An education program for workers in the energy industry, daytum hosts workshops and an online learning network for technicians and engineers to better understand the data they're working with. This, Rayakar says, helps them exercise more control over the work — especially for those whose preliminary training in the field was before data became indispensable to the job. The professors and Kunal host two– or five-day workshops, and just a few weeks ago, they held both introductory and intermediate courses at the University of Houston.

The professors teach Python, a common programming language. Although there's a learning curve to studying Python, it's not as confusing as some of the tools, like MATLAB, that engineers studied in their undergraduate educations. But students don't actually have to become Python experts at all — instead, they use Jupyter, an online digital notebook that can import Python packages, which are large and ready-made coding sequences.

Often, these are free and available to download on sites like Github. Daytum professors teach packages that are useful for analyzing and visualizing the data they work with in the field, and students leave having a usable workstation on their computers, ready to be installed and implemented in their work.

"People really enjoyed the courses," Rayakar says. "We were really happy."

But right now, daytum's main goal is to continue to grow its workshops — including introducing Austin bootcamps, to engage people in learning, and to empower oil industry technicians to navigate the industry's digital transition more smoothly.

"By building longer-term solutions and cultures, we can build better educations," Rayakar says.

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Building Houston

 
 

Molecule has closed new funding in order to focus on the energy transition. Photo via Getty Images

A Houston startup with a software-as-a-service platform for the energy transition has announced it closed a funding round with participation from a local venture capital.

Molecule closed its $12 million series A, and Houston-based Mercury Fund was among the company's investors. The company has a cloud-based energy trading and risk management solution for the energy industry and supports power, natural gas, crude/refined products, chemicals, agricultural commodities, softs, metals, cryptocurrencies, and more.

"We led the seed round of Molecule upon their formation and are excited to participate in their series A," says Blair Garrou, co-founder and managing director of Mercury, in a news release. "Molecule's success in the ETRM/CTRM industry, especially in relation to electricity and renewables, positions them as the company to beat for the energy transition in the 2020s."

The company will use its new funds to further build out its product as well as introduce offerings to manage renewables credits, according to the release.

"In 2020, we realized that electricity — the growth commodity of the 2020s — represented over half of Molecule's customer base, and we decided to double down," says Sameer Soleja, founder and CEO of Molecule, in the release. "We were also rated the No. 1 SaaS ETRM/CTRM vendor. With this fundraise, we have the fuel to become No. 1 SaaS platform for power and renewables, and then the market leader overall.

"Molecule is ready to power the energy transition," Soleja continues.

Molecule's last round of funding closed in November 2014. The $1.1 million seed round was supported by Mercury Fund and the Houston Angel Network.

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