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Growing Houston cyber security company plans to hire

Houston-based Security Gate has grown 1,000 percent each year. Getty Images

Cyber security is constantly evolving, and, while information hacks are always a concern, worst-case scenarios could even be life threatening.

Houston-based startup, Security Gate, is addressing all of types of cyber security threats, says Ted Gutierrez, an Army special forces vet and co-founder and CEO of the company.

"It used to be companies were worried about what happens if someone hacks in to your information," he says. "Yes, that's a concern. But now we're talking about cyber attacks that can breach your company, and lives are at stake. We're creating solutions that counter that."

The cyber security firm has, over its last two years of existence, grown steadily — and is poised for future growth.

"We've had a thousand percent growth year by year," says Gutierrez, who credits the company's success to his incremental approach. "We really listened to the market."

When Gutierrez began his company, which helps firms assess risk and discover custom solutions for compliance or performance needs, he set out to capture clients in multiple industries, from oil and gas to defense contractors to the health and educator sectors. Then, SecurityGate collaborated with those clients to find out what was working and what was missing from the firm's approach to its technology. And Gutierrez went back and fixed any issues there were.

"We built our software in four to five months," he says. "And because of the approach we've taken, we didn't have to ever pivot or change the offerings we provided the way some other startups have had to. We've consistently generated revenue since we launched"

Today, SecurityGate counts among its portfolio one of Houston's largest private schools, a defense contractor in the Metroplex, and multiple oil and gas firms. Gutierrez says the company signed what he calls "two monster clients" in 2018, paving the way for his optimistic outlet for this year – and beyond.

The company offers four tiers of service that include one-time individual assessments to long-term solutions that demonstrate a firm's compliance to industry standards, whether they are Fortune 500 organizations or "$5 million companies," he says.

Across 2019, Gutierrez figures he'll add between six and eight employees to the SecurityGate team, which currently numbers about a dozen. That's solid growth for a company that began without angel investors and the help of venture capital firms – although Gutierrez has recently taken meetings with several of those and looks forward to outside investment.

"We really bootstrapped this firm, adding clients and investing that capital in further development," he says.

He's excited by the landscape before him and says he loves Houston's business ecosystem. SecurityGate is a member of Station Houston, and Gutierrez says he loves that larger companies in the city have embraced working with smaller firms like his own. He's encouraged by his firm's growth, and he knows that there's still work in front of the company.

But Gutierrez likens his experience with his start-up to his days in an Army reconnaissance unit.

"I love high-conflict, low-impact settings," he says. "It's you and a few guys and you're in a place for a week and you don't know what you'll find. I love that chaos of jumping out of a plane and right into the job."


This is what a company's Security Gate digital dashboard would look like. Via securitygate.io

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Building Houston

 
 

Chevron has brought on two startups as a part of its Catalyst Program that helps accelerate and mature energy tech companies. Photo via Getty Images

Chevron's corporate venture arm that invests into energy tech innovation and supports startups within the industry has tapped two companies for its Chevron Technology Ventures Catalyst Program.

Entech Solutions and mIQroTech have both recently been named new partners in the program, which allows the startups support and guidance during growth and acceleration from Chevron and its network.

Norway-based Entech Solutions AS has developed itsSuperstage Pinpoint Stimulation to address high intensity stimulation in increasingly long horizontal wells, according to a press release. The product aims to improve production performance and lower costs.

"Collaboration with Chevron will allow us to demonstrate Superstage efficiencies in a variety of basins worldwide," says Anthony Kent, co-inventor of Superstage and Entech's General Manager for North America, in the release.

"Working with a leading global operator gives us access to expertise needed to standardize this robust and versatile hardware technology," he continues.

Meanwhile, Tampa, Florida-based mIQroTech is addressing pipeline leak concerns within the energy industry by using artificial intelligence and internet of things. The startup joined the Catalyst Program in July.

"Our goal is to deliver a transformative change to the global oil and gas industry," says founder and chief executive officer, Meade Lewis, in a press release.

"Better data, analytics, and intelligence will add efficiencies to pipeline operations and empower more informed and faster decision-making. We appreciate that Chevron recognizes our potential to deliver solutions to enable safer delivery of oil and gas," Lewis continues.

The company, which has received investments from Plug and Play, Ocean Capital, Republic, and Harvard Business School Alumni Angels, and more, will focus on growing its team and customer base.

Chevron also recently contributed to Houston-based ThoughtTrace's $10 million series B round in May and signed on as a partner for the Houston expansion of cleantech accelerator Greentown Labs.

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