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Houston named 4th best metro for women in tech by a new study

Houston has been deemed the fourth best city for women in technology, according to a SmartAsset report. Christina Morillo/Pexels

If you're a woman in the technology industry here in Houston, you're in the right place. Houston was recognized as the 4th best city in the United States for women in technology jobs, according to a report from SmartAsset.

The study took into consideration four key factors; gender pay gap, income after housing, and percentage of tech jobs filled by women were all double weighted, while four-year employment growth was factored in. Using data from the U.S. Census, SmartAsset only looked at cities with populations of 200,000 residents or more that had reliable data, which left the study with 58 cities across the country.

Houston's tech pay is what stood out for the city. The average female tech worker in the Bayou City has $60,600 left from her salary after paying for a home, and Houston ranks eighth overall in this metric. With a ratio of 99 percent, Houston's wage gap when it comes to tech jobs ranked the city No. 3 for smallest wage gap. However, at 26 percent, Houston has a somewhat low percentage of women in tech positions.

No other Texas cities appeared on the list, though it's unclear if they were among the 58 cities evaluated as a part of the study. Washington D.C., Baltimore, and Philadelphia ranked ahead of Houston. California's major tech players — such as San Francisco, San Jose and Oakland — all ranked in the middle of the pack or worse.

The studied compared the cities against the national average. The full list of the top 15 cities, seen below, all ranked higher than the national average, based on the study's index.

This isn't the first time this year that Texas has been recognized as a good place for women in business. In January, a study found that the Lone Star State was No. 1 for female entrepreneurs. However, when it comes to STEM jobs, another report found Houston to be less desirable of a metro. But, as the SmartAsset study found, affordability is important, and Houston was deemed one of the most affordable cities to live in this year.

Via SmartAsset

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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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