Plug and Play Technology Center has named its first 15 startups in its Houston Energy and Sustainability cohort. Getty Images

A Silicon Valley accelerator program has announced the companies that will participate in its first Houston cohort just as the program begins to foster energy tech innovation in town.

Plug and Play Technology Center, which announced its entry into the Houston market this summer, named the 15 companies that will complete the program. While there are only two Houston-based companies in the mix this time around, all 15 companies will be operating locally with Houston corporate partners and startup development organizations.

"By being a part of this Plug and Play cohort, our corporate partners have validated that there is an interest in these startups' technology solutions," says Payal Patel, director of corporate partnerships for Plug and Play in Houston. "This will encourage these non-Houston based startups to spend more time in Houston, likely (and hopefully) leading to them doing business with our corporations, raising money from local investors, hiring local talent, and setting up an office in Houston."

Patel says the selection process was similar to the due diligence done in investor research, since Plug and Play treats its startups like a portfolio of sorts. Plug and Play hosted a pitch night in September as a way to introduce the cohort finalists to the ecosystem before making the final selection.

"We used the technology focus areas of our corporate partners to source 100 startups with commercial viability in Houston," Patel says. "Through consultation with our partners and voting at our Selection Day event in September, we ultimately narrowed the group to 15 startups we believe we can provide value to over the next few months."

The startups are off to Plug and Play's headquarters in California for a Focus Week, Patel says, then will return to Houston for various corporat events, converences, and more as part of the program.

Here are the 15 companies that will participate in the energy and sustainability accelerator from Plug and Play Tech Center.

Alchera Inc.

Founded: 2016
Money raised: $6 million
Employees: 45 full time, 60 part time
Headquarters: South Korea
About: Alchera's technology uses artificial intelligence image to prevent the loss of lives and money in dangerous situations on site.

Ario Technologies Inc.

Founded: 2016
Money raised: $2.3 million
Employees: 8 full time, 1 part time
Headquarters: Norfolk, Virginia
About: Ario has a augmented reality technology that allows its users to search its data in the real world.

Blacksands Inc.

Founded: 2012
Money raised: $1 million
Employees: 5 full time, 7 part time
Headquarters: Sunnyvale, California
About: Blacksands has a secured connection as a service business model for fast-paced cybersecurity.

BlastPoint

Founded: 2016
Money raised: $1.3 million
Employees: 7 full time, 3 part time
Headquarters: Pittsburgh, Pennsylvania
About: Using internal insights and data, BlastPoint helps make innovative ideas a reality in the workplace.

ForePaas

Founded: 2015
Money raised: $10 million
Employees: 40 full time, 1 part time
Headquarters:
About: The ForePaas platform combines cloud-based technology and data applications to optimize and accelerate industrial internal enterprise data initiatives.

Capella Space

Founded: 2016
Money raised: $50 million
Employees: 50 full time, 0 part time
Headquarters: San Francisco
About: Capella Space is building a large commercial radar satellite constellation to speed up the informed decision making process for industrial workers down on earth.

Cumulus Digital Solutions

Founded: 2018
Money raised: $4.5 million
Employees: 14 full time, 4 part time
Headquarters: Cambridge, Massachusetts
About: Using data collection and cloud-based software, Cumulus is eliminating poor work quality that causes accidents in the field.

Data Gumbo

Founded: 2016
Money raised: $3.2 million
Employees: 19 full time, 4 part time
Headquarters: Houston
About: Data Gumbo has developed a blockchain network for automated contract execution for industrial clients

Latium Technologies

Founded: 2019
Money raised: $1 million (Canadian)
Employees: 8 full time, 0 part time
Headquarters: Edmonton, Canada
About: Latium has developed a better industrial IoT platform for heavy industry.

Indegy

Founded: 2014
Money raised: $18 million
Employees: 53 full-time, 0 part-time
Headquarters: New York
About: Indegy specializes in real-time security for industrial campuses.

Ingu Solutions

Founded: 2014
Money raised: $2.1 million (Canadian)
Employees: 10 full-time, 0 part-time
Headquarters: Calgary, Canada
About: Ingu wants to revolutionize the economics of the pipeline industry with new technology and initiatives.

Cemvita Factory

Founded: 2017
Money raised: None disclosed.
Employees: 8 full time, 10 part time
Headquarters: Houston
About: Cemvita has patented technology that can mimic photosynthesis to lower carbon emissions.

KX

Founded: 1999
Money raised: None disclosed.
Employees: 2,500 full-time and 0 part-time
Headquarters: Northern Ireland
About: KX is a data company that uses its global technology in the finance, retail, pharma, manufacturing, and energy industries.

Ondaka Inc.

Founded: 2017
Money raised: $1.6 million
Employees: 8 full time, 2 part time
Headquarters: Palo Alto, California (has a local office at Station Houston)
About: Ondaka uses an alphabet soup of buzzword technologies — IoT, AI, VR — and allows oil and gas companies to really visualize their infrastructure.

Terrapin

Founded: 2016
Money raised: $3 million
Employees: 10 full time, 5 part time
Headquarters: Edmonton, Canada
About: Terrapin is a designer and developer of industrial heat recovery projects.

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3 Houston companies land on Deloitte’s Technology Fast 500 list

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Three Houston companies have made this year’s Deloitte North America Technology Fast 500 list.

The report ranks the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America. The Houston companies to make the list, along with their revenue growth rates from 2021-2024, include:

  • No. 16 Action1 Corp., a provider of cybersecurity software. Growth rate: 7,265 percent
  • No. 92 Cart.com, a commerce and logistics platform. Growth rate: 1,053 percent
  • No. 312 Tellihealth, a remote health care platform. Growth rate: 244 percent

“Houston’s unique blend of entrepreneurial energy and innovation continues to strengthen the local business community, and I’m thrilled to see Houston companies honored on the 2025 Deloitte Technology Fast 500 list. Congratulations to all the winners,” said Melinda Yee, managing partner in Deloitte’s Houston office.

Action1 is no stranger to lists like the Deloitte Technology Fast 500. For instance, the company ranked first among software companies and 29th overall on this year’s Inc. 5000, a list of the country’s fastest-growing private companies. Its growth rate from 2021 to 2024 reached 7,188 percent.

Mike Walters, president and co-founder of Action1, said in August that the Inc. 5000 achievement “reflects the dedication of Action1’s global team, who continue to execute against an ambitious vision: a world where cyberattacks exploiting vulnerabilities are entirely prevented across all types of devices, operating systems, and applications.”

Atlanta-based Impericus, operator of an AI-powered platform that connects health care providers with pharmaceutical and life sciences companies, topped the Deloitte list with a 2021-24 growth rate of 29,738 percent.

“Our mission is to set the standard for ethical AI-powered physician connections to pharma resources, accelerating and expanding patient access to needed treatments,” said Dr. Osama Hashmi, a dermatologist who’s co-founder and CEO of Impiricus. “As we continue to innovate quickly, we remain committed to building ethical bridges across this vital ecosystem.”

How executive education retains your best employees + drives success

Investing in People

Hiring is tough, but retaining great people is even harder. Ask almost any manager what keeps them up at night, and the answer usually comes back to the same thing: How do we keep our best employees growing here instead of looking elsewhere?

One reliable approach has held up across industries. When people see their employer investing in their development, they’re more likely to stay, contribute, and imagine a future with the organization.

The data backs this up. Employees who take part in ongoing training are far less likely to leave, and the effect is especially strong for younger workers. One national survey found that 86% of millennials would stay with an employer that invests in their development. Companies that build a real learning culture see retention jump by 30-50%. The pattern is consistent: When people can learn and advance, they stay.

The ROI of executive education
Professional development signals value, but it also builds capability. When people have access to structured learning, they become better problem-solvers, more adaptable, and more confident leading through change.

That's the focus of Executive Education at Rice University's Jones Graduate School of Business. The portfolio is built for the realities of modern leadership: AI and digital transformation courses for teams navigating new technologies, and deeper programs in innovation and strategy for leaders sharpening long-term thinking.

“People, managers, professionals, and executives in all functional areas of business can benefit from this program,” notes Jing Zhou, Mary Gibbs Jones Professor of Management and Psychology at Rice. “We teach the fundamental principles of how to drive innovation and broaden the cognitive space.”

That perspective runs through every offering, from the Rice Advanced Management Program to the Leadership Accelerator and Leading Innovation. Each program gives participants practical tools to think strategically, work across teams and make meaningful change inside their organizations.

Building the leadership pipeline
Leadership development isn’t a perk anymore. It’s a strategic need for any organization that wants to grow and stay competitive.

Employers know this — nearly two-thirds say leadership training is essential to their success — yet employees still report feeling stalled. Reports find 74% of employees feel they aren’t reaching their potential because they lacked meaningful growth opportunities.

Rice Business designs its Executive Education programs to address that gap. The Rice Advanced Management Program, for example, supports leaders preparing for C-suite, board, or enterprise-level roles. Its format — two in-person modules separated by several weeks — gives participants space to test ideas at work, return with questions, and build on what they’ve learned. The structure fits demanding executive schedules while creating room for deeper reflection and richer peer connections.

Just as important, the program helps senior leaders align on strategy and culture. Participants develop a shared language and build stronger relationships, which translates into clearer decision-making, better collaboration, and less burnout across teams.

Houston’s advantage
Houston gives Rice Business Executive Education a distinctive edge. The city’s position in energy, healthcare, logistics, and innovation means participants are learning in the middle of a global business ecosystem. That proximity brings a mix of perspectives you don’t get in more siloed markets, and it pushes leaders to apply ideas to real-world problems in real time.

The expertise runs deep on campus, as well. Participants learn from faculty who are shaping conversations in their fields, not just teaching from a playbook. For many organizations, that outside perspective is a meaningful complement to in-house training — a chance to stretch thinking, challenge assumptions, and broaden leadership capacity.

Rice Business offers multiple paths into that experience, from open-enrollment programs like Leading Organizational Change, Executive Leadership for Women, or Driving Growth through AI and Digital Transformation to fully customized corporate partnerships. Across all formats, the focus is the same: education that is practical, relevant, and built for impact.

Investing in retention and results
When organizations make room for real development, the payoff shows up quickly: higher engagement, stronger leadership pipelines, and lower turnover. It also shapes the culture. People are more willing to take risks, ask better questions, and stay curious when they know learning is part of the job.

As Brent Smith, senior associate dean for Executive Education at Rice Business, explains, “There’s a layer of learning in leadership that’s about helping people adopt a leadership identity — to see themselves as the actual leader for their organization. That’s not an easy transition, but it’s the foundation of lasting success.”

For companies that want to build loyalty, deepen leadership capacity, and stay competitive in a fast-changing environment, investing in people isn’t optional. Rice Business Executive Education offers a clear path to do it well. Learn more here.

Check out upcoming programs:

Houston’s 10 most valuable startups revealed in new report

by the numbers

The Greater Houston Partnership has released its list of the 10 most valuable startups that are fueling the city’s growth and entrepreneurial energy, including industry giants like Axiom Space and Fervo Energy.

Currently, Houston hosts more than 1,300 startups in industries such as energy, life sciences, manufacturing and aerospace, according to the GHP. The list ranks its top 10 startups by valuation based on the company’s last private funding round, reflected in Pitchbook data, as of Oct. 20 of this year.

The top 10 list includes:

10. NXTClean Fuels

Valuation: $530 million

NXTClean Fuels builds biofuel refineries that produce renewable fuel by using feedstocks like cooking oil and recycled organic materials.

9. Homebase

Valuation: $660 million

HR tech company Homebase provides employee management software that helps manage and optimize timesheets, payroll and more, with over over 100,000 small businesses and 2 million hourly workers using its product.

8. Zolve

Valuation: $800 million

Zolve is a banking platform that provides customers with access to financial products that aim to be accessible, flexible, and affordable than other financial platforms.

7. Stramsen Biotech

Valuation: $807 million

Stramsen Biotech develops plant-based drug therapies that target both infectious and noninfectious diseases, which include cancer, diabetes, HIV, kidney disease and neurological issues.

6. Octagos

Valuation: $843 million

Healthtech company Octagos has developed a remote cardiac monitoring software driven by AI that helps consolidate patient data in real-time, assisting healthcare professionals in providing quicker, easier and more accurate care.

5. Fervo Energy

Valuation: $1.4 billion

Pioneering geothermal company Fervo Energy combines horizontal drilling and fiber-optic sensing to produce electricity. The company is developing its flagship Cape Station geothermal power project in Utah. The first phase of the project will supply 100 megawatts of power beginning in 2026

4.Cart.com

Valuation: $1.7 billion

Cart.com is an e-commerce giant and logistics solutions provider that was founded in 2020 and obtained unicorn status within just three years.

3. Axiom Space

Valuation: $2.1 billion

Axiom Space is one of the anchor tenants at the Houston Spaceport, and has completed four missions of sending commercial astronauts to the ISS since 2022. In 2027, the company expects to see the first section of its private space station, Axiom Station, launched into low-earth orbit.

2. Solugen

Valuation: $2.175 billion

Solugen replaces petroleum-based products with plant-derived substitutes through its Bioforge manufacturing platform.

1. HighRadius

Valuation: $3.2 billion

HighRadius uses advanced technology to automate and manage accounts receivable processes for businesses worldwide.

The GHP also released its State of Houston’s Tech and Innovation Landscape, which mapped Houston’s digital and innovation sectors. Read the full report here.