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

 
 

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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