Houston rises in the ranks among the top cities for women in tech

we're no. 3

Houston is again ranked a top city for women in tech. Photo via Getty Images

Houston has again made it into the top cities for women in tech — beating out everywhere but Arlington, Virginia, and Washington, D.C.

Up four spots compared to last year, Houston comes in third place on SmartAsset's eighth annual list, which factors in four metrics: gender pay gap in the tech industry, income for women in tech after deducting housing costs, women as a percentage of tech workers, and three-year growth in tech employment. Aside from Houston, Texas's only other top 15 representation is Fort Worth, which ranks as No. 6.

The Bayou City ranks No.1 overall for the gender pay gap —women earned 98 percent of what men do in the tech workforce on average, the report finds. Female tech workers earn $65,662 after housing expenses are accounted for — ranking ninth-best. Between 2017 and 2020, total tech employment grew by 13 percent and in that workforce, 27.5 percent of workers are women.

The annual study found that while the tech industry is seeing steady growth and is projected to see another 178,000 tech jobs enter the market in 2022, the gender gap is also consistently disappointing. Women only make up 26.1 percent of all tech workers, per the report, and earn just 84 percent of what their male counterparts do.

The West Coast doesn't make a great impact on the list this year.

"Surprisingly, no California cities made the top 10," SmartAsset reports. "Overall, California cities fall behind for tech employment growth over the last three years and the gender pay gap. The highest ranked California city is Sacramento which ties for No. 11 with Nashville, Tennessee."

Houston ranked No. 6 on the same study in 2020 and No. 4 in 2019.

Houston has been deemed the sixth best city for women in technology, according to a SmartAsset report. Christina Morillo/Pexels

Houston named among the top cities for women in technology

Who runs the world?

Houston fell two places in SmartAsset's latest ranking of the best U.S. cities for women in technology but remains in the top 10.

SmartAsset's sixth annual study, released February 6, puts Houston at No. 6 among the top cities for women in tech. That's down from the No. 4 spot in SmartAsset's 2019 study. However, Houston still holds the No. 1 ranking among Texas cities.

"Only one of five most-populated U.S. cities — Houston — makes it into our top 15 cities for women working in the tech industry," says SmartAsset, a personal finance website.

In all, SmartAsset analyzed 59 of the largest U.S. cities to find the best places for women in tech to work and live. The website judged each city on four factors:

  • Gender pay gap in the tech industry
  • Average earnings after subtracting median costs for housing
  • Women as a percentage of the tech workforce
  • Four-year growth in tech employment

In Houston, average earnings for women in tech represented 99 percent of men's earnings in 2018, SmartAsset found. That amounts to a difference of $451. Houston also boasts the eighth highest average amount of earnings for women in tech after deducting costs for housing ($64,464), according to SmartAsset.

Furthermore, the study shows women hold down 25.8 percent of tech jobs in Houston, compared with the 59-city average of 26.1 percent.

Houston's showing in the SmartAsset study bolsters the region's amped-up efforts to evolve into a tech hub.

In April 2019, the Wall Street Journal noted those efforts were jump-started after Amazon rejected Houston as a candidate for the e-commerce giant's hotly pursued second headquarters. These initiatives include attracting startups and venture capital, and ramping up programs aimed at accelerating innovation.

"We already knew we were not in the top tier of what has been happening globally as far as innovation," Houston Mayor Sylvester Turner told the Wall Street Journal. "But Amazon passing us over was a real wake-up call that we could not be walking towards building this new ecosystem. We had to sprint."

Here are the top 10 cities for women in tech, according to SmartAsset:

  1. Baltimore
  2. Washington, D.C.
  3. Arlington, Virginia
  4. Chesapeake, Virginia
  5. Albuquerque, New Mexico
  6. Houston
  7. Long Beach, California,
  8. Chandler, Arizona
  9. Philadelphia
  10. Durham, North Carolina

In the SmartAsset study, Houston fared much better than its big-city counterparts in Texas. Fort Worth came in at No. 17, with Plano tied for 27th, San Antonio tied for 37th, Irving at No. 39, Austin at No. 49, and Dallas at No. 54 (five spots from the bottom).

To find the best cities for women in tech, SmartAsset looked at data for cities that had at least 200,000 residents in 2018. The website then removed cities that lacked reliable data, leaving a pool of 59 cities.

Findings in the SmartAsset study stand in contrast to a recent ranking by CompTIA, a tech industry trade group, of the 20 best metro areas in the U.S. for IT jobs. Austin ranked first, and Dallas appeared at No. 7. Houston didn't make the list.
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Houston unicorn closes $421M to fuel first phase of flagship energy project

Heating Up

Houston geothermal unicorn Fervo Energy has closed $421 million in non-recourse debt financing for the first phase of its flagship Cape Station project in Beaver County, Utah.

Fervo believes Cape Station can meet the needs of surging power demand from data centers, domestic manufacturing and an energy market aiming to use clean and reliable power. According to the company, Cape Station will begin delivering its first power to the grid this year and is expected to reach approximately 100 megwatts of operating capacity by early 2027. Fervo added that it plans to scale to 500 megawatts.

The $421 million financing package includes a $309 million construction-to-term loan, a $61 million tax credit bridge loan, and a $51 million letter of credit facility. The facilities will fund the remaining construction costs for the first phase of Cape Station, and will also support the project’s counterparty credit support requirements.

Coordinating lead arrangers include Barclays, BBVA, HSBC, MUFG, RBC and Société Générale, with additional participation from Bank of America, J.P. Morgan and Sumitomo Mitsui Trust Bank, Limited, New York Branch.

“As demand for firm, clean, affordable power accelerates, EGS (Enhanced Geothermal Systems) is set to become a core energy asset class for infrastructure lenders,” Sean Pollock, managing director, project Finance at RBC Capital Markets, said in a news release. “Fervo is pioneering this step change with Cape Station, a vital contribution to American energy security that RBC is proud to support.”

The oversubscribed financing marks Cape Station’s shift from early-stage and bridge funding to a long-term, non-recourse capital structure, according to the news release.

“Non-recourse financing has historically been considered out of reach for first-of-a-kind projects,” David Ulrey, CFO of Fervo Energy, said in a news release. “Cape Station disrupts that narrative. With proven oil and gas technology paired with AI-enabled drilling and exploration, robust commercial offtake, operational consistency, and an unrelenting focus on health and safety, we have shown that EGS is a highly bankable asset class.”

Fervo continues to be one of the top-funded startups in the Houston area. The company has raised about $1.5 billion prior to the latest $421 million. It also closed a $462 million Series E in December.

According to Axios Pro, Fervo filed for an IPO that would value the company between $2 billion and $3 billion in January.

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This article first appeared on EnergyCapitalHTX.com.

Houston food giant Sysco to acquire competitor in $29 billion deal

Mergers & Acquisitions

Sysco, the nation's largest food distributor, will acquire supplier Restaurant Depot in a deal worth more than $29 billion.

The acquisition would create a closer link between Sysco and its customers that right now turn to Restaurant Depot for supplies needed quickly in an industry segment known as “cash-and-carry wholesale.”

Sysco, based in Houston, serves more than 700,000 restaurants, hospitals, schools, and hotels, supplying them with everything from butter and eggs to napkins. Those goods are typically acquired ahead of time based on how much traffic that restaurants typically see.

Restaurant Depot offers memberships to mom-and-pop restaurants and other businesses, giving them access to warehouses stocked with supplies for when they run short of what they've purchased from suppliers like Sysco.

It is a fast growing and high-margin segment that will likely mean thousands of restaurants will rely increasingly on Sysco for day-to-day needs.

Restaurant Depot shareholders will receive $21.6 billion in cash and 91.5 million Sysco shares. Based on Sysco’s closing share price of $81.80 as of March 27, 2026, the deal has an enterprise value of about $29.1 billion.

Restaurant Depot was founded in Brooklyn in 1976. The family-run business then known as Jetro Restaurant Depot, has become the nation's largest cash-and-carry wholesaler.

The boards of both companies have approved the acquisition, but it would still need regulatory approval.

Shares of Sysco Corp. tumbled 13% Monday to $71.26, an initial decline some industry analysts expected given the cost of the deal.

Houston researcher builds radar to make self-driving cars safer

eyes on the road

A Rice University researcher is giving autonomous vehicles an “extra set of eyes.”

Current autonomous vehicles (AVs) can have an incomplete view of their surroundings, and challenges like pedestrian movement, low-light conditions and adverse weather only compound these visibility limitations.

Kun Woo Cho, a postdoctoral researcher in the lab of Rice professor of electrical and computer engineering Ashutosh Sabharwal, has developed EyeDAR to help address such issues and enhance the vehicles’ sensing accuracy. Her research was supported in part by the National Science Foundation.

The EyeDAR is an orange-sized, low-power, millimeter-wave radar that could be placed at streetlights and intersections. Its design was inspired by that of the human eye. Researchers envision that the low-cost sensors could help ensure that AVs always pick up on emergent obstacles, even when the vehicles are not within proper range for their onboard sensors and when visibility is limited.

“Current automotive sensor systems like cameras and lidar struggle with poor visibility such as you would encounter due to rain or fog or in low-lighting conditions,” Cho said in a news release. “Radar, on the other hand, operates reliably in all weather and lighting conditions and can even see through obstacles.”

Signals from a typical radar system scatter when they encounter an obstacle. Some of the signal is reflected back to the source, but most of it is often lost. In the case of AVs, this means that "pedestrians emerging from behind large vehicles, cars creeping forward at intersections or cyclists approaching at odd angles can easily go unnoticed," according to Rice.

EyeDAR, however, works to capture lost radar reflections, determine their direction and report them back to the AV in a sequence of 0s and 1s.

“Like blinking Morse code,” Cho added. “EyeDAR is a talking sensor⎯it is a first instance of integrating radar sensing and communication functionality in a single design.”

After testing, EyeDAR was able to resolve target directions 200 times faster than conventional radar designs.

While EyeDAR currently targets risks associated with AVs, particularly in high-traffic urban areas, researchers also believe the technology behind it could complement artificial intelligence efforts and be integrated into robots, drones and wearable platforms.

“EyeDAR is an example of what I like to call ‘analog computing,’” Cho added in the release. “Over the past two decades, people have been focusing on the digital and software side of computation, and the analog, hardware side has been lagging behind. I want to explore this overlooked analog design space.”

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