tech jobs

Microsoft doubles down on partnership with the city of Houston by committing $1M to programs

Mayor Sylvester Turner announced that Microsoft has expanded its partnership with the city. Photo courtesy of Mayor's Office

Microsoft and the city of Houston have introduced a new program aimed at addressing technology skills development across Houston.

Accelerate: Houston is part of Microsoft's larger global skills initiative. Mayor Sylvester Turner announced the program at a press conference on Monday, August 24.

"More than two years ago, I announced our first transformative alliance with Microsoft — the first of its kind in the United States," says Mayor Sylvester Turner, according to a press release. "Today, I am pleased to say we are taking another leap toward strengthening Houston's global standing as a center for innovation and technology."

The Houston partners on the initiative include The Ion, the National Aeronautics and Space Administration, Kino-Eye Center, Upskill Houston, University of Houston College of Technology, and Space Center Houston

"Microsoft launched the Accelerate program at a time when closing the digital divide has never been more important," says Kate Johnson, president of Microsoft U.S., in the release. "We're thrilled to be joining Mayor Turner and an impressive group of partners in this effort to expand access to in-demand digital skills—and close digital skills gaps widened by COVID-19—through Accelerate: Houston."

Through this expanded partnership, Microsoft has committed $1 million into programs for The Ion, an entrepreneurship hub being built by Rice Management Co. and currently under construction in Midtown.

"With this digital alliance, one of history's most important and innovative technology companies becomes a key pillar of The Ion," says David Leebron, president of Rice University, in the release. "Microsoft will help implement the vision to make Houston's new innovation district a focal point for the future of energy, artificial intelligence, data science and smart cities."

Microsoft has previously partnered with Houston in a few ways, including partnering on The Ion Smart Cities Accelerator.

Susan Davenport, chief economic development officer with the Greater Houston Partnership, says the announcement shows that the city is on the right track for upskilling its workforce.

"As we have continued to navigate the global COVID-19 crisis and are steering the changes in our energy sector, we feel Microsoft's commitment validates the strong direction into which Houston is now moving," she says in a statement.

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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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