Off campus

Growing Houston coworking space announces plans for new Galleria-area satellite

The Cannon – Post Oak will open on January 21, which is well ahead of its new space in West Houston that's currently under construction. Pictured is a rendering for the West Houston space. Courtesy of The Cannon

While The Cannon is currently in the midst of construction on its 120,000-square-foot space in West Houston, the coworking space has announced a new office that will open ahead its main campus.

The Cannon – Post Oak, located at 675 Bering Drive (near the Woodway Drive intersection), will open on January 21. The Cannon partnered with Houston-based commercial real estate group Griffin Partners to open the new location just west of The Galleria.

"The size and scale of Houston can create challenges for entrepreneurs and small businesses to make the trip out to our main campus, so we've recognized that it's increasingly important for us to grow our presence across the city and create more accessible solutions for Houston's entrepreneurs," says Founder and CEO Lawson Gow, son of David Gow, owner of InnovationMap's parent company Gow Media.

"We're especially thrilled to partner with an innovative group like Griffin Partners who shares our entrepreneurial spirit and dedication to Houston."

Griffin Partners has a portfolio of 4.5 million square feet Arizona, Colorado, North Carolina, and Texas valued at over $750 million. The team is similarly excited, as the partnership marks the company's first foray into coworking space.

"We are excited to work with The Cannon and expand our offerings to include coworking space, allowing us to reach a brand new population and create new opportunities for Houston's entrepreneurs, small businesses and startups," says Edward Griffin, the company's president and CEO.

Community members from the off-campus site will be a part of The Cannon's overall community and will have access to Cannon events and can even have access to the main campus for a few days a month. The Cannon has various membership options.

The floor plan shows 16 offices available for renting, as well as both open and dedicated desks in a shared area. There's also a kitchen, one conference room, and two smaller meeting rooms in the floor plan. According to the website, members will have 24/7 access, a gaming room, and unlimited coffee and tea.


Via thecannonhouston.com

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Building Houston

 
 

Data Gumbo, founded and led by Andrew Bruce, has announced its latest funding. Photo courtesy of Data Gumbo

A Houston-based tech company has announced another round of funding to support its blockchain network growth as well as to establish a presence in the Middle East.

Data Gumbo has closed its series B funding round totaling $7.7 million with follow-on investments led by Equinor Ventures. The round includes participation from Saudi Aramco Energy Ventures and Bay Area and Houston-based venture firm L37. The round's first close was announced in September 2020 at $4 million. The additional funds to close the Series B will be used to scale Data Gumbo to serve demand for GumboNet™ and GumboNet™ ESG. Additionally, Data Gumbo plans to establish a presence in the Middle East to cover expected demand growth in the region.

"The successful close of our series B is continued proof of the efficacy and booming interest in our ability to capture critical cost savings, deliver trust and provide transparency across commercial relationships," says Andrew Bruce, founder and CEO of Data Gumbo, in a news release. "Compounded by the growing demand for transparent, accurate sustainability data and the launch of our automated ESG measurement solution, GumboNet™ ESG, Data Gumbo's trajectory is well-positioned to serve our growing customer base by ensuring economic productivity and value. This infusion of capital will support our expansion efforts as we bring more international users to our network."

With this latest raise, Data Gumbo's total funding raised to date is $18.4 million.

"Data Gumbo's success is marked by a wide variety of business use cases and opportunities for expansion," says Bruce Niven, chief investment officer at Aramco Ventures, in the release. "Our continued investment is a testament to our continued support as the company attracts new customers, experiences further demand for its network and gains traction in new markets."

The company's technology features smart contract automation and execution, which reduces contract leakage, frees up working capital, enables real-time cash and financial management, and delivers provenance with unprecedented speed, accuracy, visibility and transparency, per the release.

"Data Gumbo is the market leader for smart contracts backed by blockchain, and the coming year will be a period of exponential growth for the company as they penetrate new industrial markets," says Kemal Farid, partner at L37, in the release. "We believe strongly that GumboNet will become the de facto network for smart contracts across industries for capturing value and solving enormous pain points in contractual relations. Additionally, as companies move to meet increasing sustainability measurement demands and ESG improvements, there is a huge growth path available for Data Gumbo with the launch of GumboNet ESG."

Earlier this year, the company announced its environmental, social and corporate governance tracking and reporting tool.

"Equinor's recent pilot at the Johan Sverdrup field has demonstrated that GumboNet can create strong value for the partnership," says Gareth Burns, head of Equinor Ventures, in the release. "Our follow-on investment confirms Equinor Ventures' confidence in Data Gumbo's solution for our company and the broader energy industry."

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