Company closes $1M round, new nonprofit startup hub launches, and more Houston innovation news
Wrapping up March, there's been a lot of innovator and startup news that's slipped through the cracks. From funds closing and incubator applications opening, here's all the news bits you need to know.
SecurityGate closes $1 million fund
Photo via securitygate.io
Houston-based SecurityGate closed its $1 million seed round on March 22. The lead investor was a private investment group in Houston. The startup, a B-to-B, software-as-a-service cybersecurity company, will use the funds to further refine its business and grow its team.
"We're excited our investment team understands the need for digital transformation in the critical infrastructure security space," CEO and co-founder, Ted Gutierrez says.
In February, SecurityGate traveled to Charlotte, North Carolina, to accept the Game Changers award. Gutierrez said being able to bring home that award really spurred the last leg of the raise.
Impact Hub Houston launches with fundraising campaign
Photo via LinkedIn
Houston's Impact Hub, a nonprofit organization focused on impacting change within the world through startups and technologies, has officially launched. The organization also launched its fundraising campaign called 321 Impact.
Led by Grace Rodriguez, Impact Hub Houston will set up shop in a few "pop-up" locations to truly serve all of the city. The first location will soon be announced, Rodriguez writes online.
Impact Hub Houston also announced a few other projects the organization has launched or is working on:
MassChallenge Texas will open Houston application at kick-off event
Photo via greenstreetdowntown.com
MassChallenge Texas announced its first Houston cohort in January, indicating that applications will open sometime in April. Last week, the zero-equity incubator program revealed that applications will open following an April 10th launch party event. The networking event will be at the Four Seasons in downtown Houston and will take place from 6 to 9 pm. Guests can RSVP here, and startups can begin the application process at masschallenge.org/apply to start their application. The application deadline is May 8, 2019 at noon.
Google taps Houston innovator for AI-focused council
Courtesy of Alice
Google has selected Houston innovator and founder of Trumbull Unmanned, Dyan Gibbens, as a member of its inaugural Advanced Technology Executive Advisory Council focused on AI. The council will meet with Google's executive leadership quarterly throughout 2019, beginning in April. Kent Walker, senior vice president of Global Affairs at Google, introduced Gibbens, and the fellow council members, in a blog post.
"We hope this effort will inform both our own work and the broader technology sector," writes Walker in the post. "In addition to encouraging members to share generalizable learnings in their ongoing activities, we plan to publish a report summarizing the discussions. Council members represent their individual perspectives, and do not speak for their institutions."
Houston to host nationwide pitch competition finals
Photo via celebrasianconference.com
The country's largest Asian organization is concluding its pitch competition in Houston. The contest, called What's Your Pitch: Innovations Meets the Market, is put on by the United States Pan Asian Chamber of Commerce. Chaired by Diane Yoo, former director of the Rice Angel Network, the semifinal and final rounds will take place in Houston on June 4 and 5, respectively. $100,000 work of cash and prizes is on the line. For more info on the contest, click here.
FutureSight AR selected as the only Texas startup for an international program
Courtesy of Future Sight AR
Houston-based Future Sight AR was selected for Magic Leap's Independent Creators Program in the productivity category and was awarded a grant to continue development. The program, which had over 6,500 applicants, will take place through March and some of April. FutureSight AR, which uses artificial reality to make oil and gas construction workers more productive, is the only startup represented from Texas in the program, says co-founder of the company, Lori-Lee Emshey.
Lyft introduces new programs and opportunities in Houston
Courtesy of Lyft
Lyft will bring or expand three driver-focused programs to the Houston market, the company announced this week.
- Drivers can opt into Lyft Direct, a bank account with no fees that links to a debit card. Rather than cashing their check from Lyft, drivers can instantly access earnings and even receive points for cash back on specific purchases.
- Lyft will open a Vehicle Service Center, which is a new and improved version of Lyft Hubs. The idea is to have mechanics work on the vehicles of Lyft drivers at cost, rather than the drivers having to pay full-price for their repairs. Also new to the program is the opportunity to provide mobile repair services for drivers on the go.
- Lyft announced that Houston will have more locations of the Express Drive program, where Lyft drivers can use a rental car and receive subsidized earnings.
Blockchain entrepreneur profiled by Rice University publication
Courtesy of Topl
Houston-based Topl's co-founder, Kim Raath, was featured in a piece for Rice University as a part of the school's Spotlights on Diversity in Engineering. Her company, Topl, uses blockchain technology to connect the dots on industries — from food to oil and gas. To read the feature of how Raath went from backpacking through developing countries to startup founder, click here.
Short stories will be a regular roundup on InnovationMap. If your company recently closed on a round, received recognition, or has any news, please email Natalie Harms at email@example.com with the information.