on to the next

Houston innovation hub leader shares details on recent resignation

Gabriella Rowe has stepped down from her role as executive director of The Ion. Courtesy of Station Houston

A Houston tech ecosystem leader has announced her resignation from her position in order to seek out a new role.

Gabriella Rowe, who served The Ion as executive director until earlier this week, has confirmed she has resigned from her position. The Ion is Rice Management Company's innovation center rising in Midtown, and Rowe was named executive director in October of last year. She was previously the CEO of Station Houston since August 2018, which was later merged with Austin-based Capital Factory.

Rowe, who was selected for Mayor Sylvester Turner's new Health Equity Response task force that was established to help the city respond to COVID-19, says she hasn't yet announced what her next move is, but she tells InnovationMap will continue focusing on technology and equity.

"I am stepping back from the Ion role in order to focus my time exclusively with the issues of equity and access in growing our tech ecosystem and economy," Rowe says, "because I think that is going to be an instrumental part of the recovery of Houston moving forward."

While Rowe will have no official role at The Ion moving forward, she imagines her to-be-announced opportunity will work hand-in-hand with the mission of The Ion, which is expected to deliver next year.

"The Ion is going to be an incredibly successful project that is going to have all the positive effect on the long term future of Houston that it is designed to do. I feel confident that it's set up to do that and has the people in place to carry it forward," she says.

Rowe says her foray into Houston's tech ecosystem began when she was head of school of The Village School in West Houston. Now, her driving factor is creating a city where those students could grow their tech education and skills and have plenty of care opportunities in Houston.

"From the very start, this has been for me about building a tech ecosystem in Houston that can support the development of the tech economy that would give our Houston talent an opportunity to stay here in this city and partake in this global opportunity," she says.

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Building Houston

 
 

VR training startup, HTX Labs, has raised funding from an outside investor for the first time. Courtesy of HTX Labs

HTX Labs, a Houston-based company that designs extended reality training for military and business purposes, announced last week that it has raised its first outside capital.

The company has received a $3.2 million investment from Cypress Growth Capital. Founded in 2017, HTX Labs — developer of the EMPACT Immersive Learning Platform — has been granted funding from the Department of Defense as well as grown its client base of commercial Enterprises. The platform uses virtual and extended reality that "enables organizations to rapidly create, deploy, measure, and sustain cost-effective, secure, and centralized immersive training programs, all within engaging, fully interactive virtual environments," per a news release.

“We have been looking to secure outside capital to accelerate the growth of our EMPACT platform and customer base but we hadn’t found the right partner who provided an investment vehicle that matched our needs,“ says HTX Labs CEO Scott Schneider in the release. “We found everything we were looking for in Cypress Growth Capital. They have a non-dilutive funding model that aligns with our capital expectations and have the level of experience that really makes this smart money.

"Cypress has a decade-long track record of success in helping emerging software and services companies achieve scale," he continues. "It is clear that the team’s collective entrepreneurial and operating experience will be of tremendous benefit to us as we focus on expanding our customer base in a very intentional way.”

The fresh funding will go toward growing and scaling the company's operations — both within the current Department of Defense and expansion opportunities into key commercial markets, like heavy industry, manufacturing, and higher education. Additionally, the funding will support increased customer adoption.

“Scott and his team have built an exceptional business that is poised for dramatic growth,” says Cypress Partner Pat McCaffrey in the release. “HTX Labs’ modern, immersive training solution provides clients with a force multiplier for modernizing training and an unmatched ROI.”

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