Preventing paper business card waste and hand-to-hand contact, Ncrowd has created a tool to maintain connecting in an evolving networking space. Photo courtesy of Ncrowd

A Houston-based startup is launching this month in order to up the ante for networking at events — whether they are in-person or virtual.

NCrowd allows its users to avoid the hassle and awkwardness in-person networking and takes connecting into the virtual space. The app, available through the App Store and Google Play, is the only networking platform that uses an interactive RSVP list for users to market themselves and network before an event.

"Professional networking has been done the same way for over 60 years," says CEO and co-founder Roland Martinez. "Young professionals do not approach networking as someone did decades ago."

NCrowd users can create their own profile and their very own digital business card that allows for users to enter virtual networking lounges to view attendees that have RSVP'ed to events. The events are easy to find in the app, allowing users to pick and choose what event they would be interested in, exchange digital business cards, view other attendees' profiles, including their social media handles.

"The app is user friendly and helps professionals see who is attending the event before the event happens," says Martinez. "This is pretty valuable for those aiming to make a great first impression."

The platform is especially useful during the COVID pandemic where in-person events are being taken into virtual spaces.

The networking platform makes it easy to stay connected online and all in one app. The digital business cards are archived on the platform providing a digital footprint and allowing users to call, chat, and email other professionals and create connections.

"COVID-19 has changed the way people interact forever," says Martinez. "Networking will be forever changed because now we know it isn't essential to meet face-to-face. NCrowd optimizes virtual events with our platform that allows professionals to connect in an online environment."

NCrowd allows users to connect while keeping social distancing measures that reduce the risk of infection by reducing the need to meet in large gatherings. That's not the only positive side effect, Martinez says that reducing paper waste was a huge motivator during NCrowd's development phase.

"About 10 billion paper cards are printed each year and the vast majority end up getting lost or thrown away a few days later," says Martinez. "It makes a lot more sense to go digital and reduce paper waste to help the planet."

Now that NCrowd has completed its year of beta testing, according to Martinez, he is excited to launch and grow their business. They will test out their platform later this month with a company that will be using telecommunication software and their app to make networking virtually easier.

Ncrowd's co-founders are Craig Sico, Roland Martinez, Larry Olivarez, and Priscilla Olivarez. Photo courtesy of Ncrowd

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Houston quantum energy chip startup emerges from stealth with $12M round

seed funding

Houston-based Casimir has emerged from stealth with a $12 million seed round to commercialize its quantum energy chip.

The round was led by Austin-based Scout Ventures. Lavrock Ventures, Cottonwood Technology, Capital Factory, American Deep Tech, and Tim Draper of Draper Associates also participated in the round. The oversubscribed round exceeded the company’s original $8 million target, according to a news release.

Casimir’s semiconductor chips can generate power from quantum vacuum fields without the need for batteries or charging. The company plans to commercialize its first-generation MicroSparc chip by 2028.

The MicroSparc chip measures 5 millimeters by 5 millimeters and is designed to produce 1.5 volts at 25 microamps, comparable to a small rechargeable battery, without degradation and no replacement cycle.

“Casimir represents exactly the kind of breakthrough dual-use technology Scout Ventures was built to back,” Brad Harrison, founder and managing partner at Scout Ventures, said in the release. “This is based on 100 years of science and we’re finally approaching a commercial product … We’re proud to lead this round and support Casimir’s journey from applied science to deployed technology.”

Casimir says it aims to scale its technology across the ”full power spectrum,” including large-scale energy systems that can power homes, commercial infrastructures and electric vehicles.

Casimir's scientific work has been supported by DARPA-funded nanofabrication research and its technology was incubated at the Limitless Space Institute (LSI). LSI is a nonprofit that works to innovate interstellar travel and was founded by Kam Ghaffarian. Technology investor and serial entrepreneur Ghaffarian has been behind companies like X-energy, Intuitive Machines, Axiom Space and Quantum Space.

Harold “Sonny” White, founder and CEO of Casimir, believes the technology can power devices for years without replacements.

“Millions of devices will operate for years without a battery ever needing to be replaced or recharged because we have engineered a customized Casimir cavity into hardware capable of producing persistent electrical power,” White added in the release. “I spent nearly two decades at NASA studying how we power humanity’s future. That work led me to the Casimir effect and the quantum vacuum, where new tools have allowed us to build on a century of scientific knowledge and bring abundant power to the world.”

Houston-based Fervo Energy bumps up IPO target to $1.82 billion

IPO update

Houston-based geothermal power company Fervo Energy is now eyeing an IPO that would raise $1.75 billion to $1.82 billion, up from the previous target of $1.33 billion.

In paperwork filed Monday, May 11 with the U.S. Securities and Exchange Commission, Fervo says it plans to sell 70 million shares of Class A common stock at $25 to $26 per share.

In addition, Fervo expects to grant underwriters 30-day options to buy up to 8.33 million additional shares of Class A common stock. This could raise nearly $200 million.

When it announced the IPO on May 4, Fervo aimed to sell 55.56 million shares at $21 to $24 per share, which would have raised $1.17 billion to $1.33 billion. The initial valuation target was $6.5 billion.

A date for the IPO hasn’t been scheduled. Fervo’s stock will be listed on Nasdaq under the ticker symbol FRVO.

Fervo, founded in 2017, has attracted about $1.5 billion in funding from investors such as Bill Gates-founded Breakthrough Energy Ventures, Google, Mitsubishi Heavy Industries, Devon Energy (which is moving its headquarters to Houston), Tesla co-founder JB Straubel, CalSTRS, Liberty Mutual Investments, AllianceBernstein, JPMorgan, Bank of America and Sumitomo Mitsui Trust Bank.

Fervo’s marquee project is Cape Station in Beaver County, Utah, the world’s largest EGS (enhanced geothermal system) project. The first phase will deliver 100 megawatts of baseload clean power, with the second phase adding another 400 megawatts. The site can accommodate 2 gigawatts of geothermal energy. Fervo holds more than 595,000 leased acres for potential expansion.

Cape Station has secured power purchase agreements for the entire 500-megawatt capacity. Customers include Houston-based Shell Energy North America and Southern California Edison.

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This article originally appeared on our sister site, EnergyCapitalHTX.com.