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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

 
 

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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