what's trending

5 most popular innovation stories in Houston this week

Here's what Houston innovation and startup news trended this week, including a peek at the new office for Chevron Technology Ventures. Photo via Getty Images

Editor's note:Another week has come and gone, and it's time to round up the top headlines from the past few days. Trending Houston tech and startup news on InnovationMap included innovators to know, a newly finished office at the Ion, a new-to-Houston startup closing a funding round, and more.

3 Houston innovators to know this week

This week's roundup of Houston innovators includes Amanda Ducach of SocialMama, Sam Newman of Little Red Box Grocery, and Gina Luna of GP Capital Partners. Courtesy photos

Editor's note: In this week's roundup of Houston innovators to know, I'm introducing you to three local innovators across industries — from investment to femtech — recently making headlines in Houston innovation. Click here to continue reading.


Chevron unveils new space at the Ion, Houston startup granted $1.25M, and more local innovation news

Chevron Technology Ventures completed the build out of its new office in the Ion — plus more local Houston innovation news. Photo courtesy of Gensler

Houston is buzzing with local startup and innovation news lately, and there might be some headlines you may have missed.

In this roundup of short stories within Houston startups and tech, Chevron Technology Ventures reveals their Gensler-designed office in the Ion, a Houston startup received a grant from the Air Force, and more. Click here to continue reading.

Houston tech ecosystem ranks as No. 5 in the world for emerging startup hubs

Houston's ranking on this global report improved 14 spots between now and last year. Photo via Getty Images

As a startup hub, Houston is movin’ on up.

In a new report from Startup Genome and the Global Entrepreneurship Network, Houston ranks fifth among the world’s top 100 emerging ecosystems for startups. Last year, the groups’ report put Houston at No. 19 in the same category.

Ahead of Houston on the list of the top emerging ecosystems for startups are first-ranked Detroit; second-ranked Hong Kong; third-ranked Dublin, Ireland; and fourth-ranked Minneapolis. Click here to continue reading.

Tech startup closes seed round at over $3M, plans to grow Houston team

This tech company wants to replace passwords for good. Photo courtesy of Allthenticate

A California-founded company that recently put down roots in Houston has announced the closing of its seed round of funding.

Allthenticate, a tech startup that enables unified authentication, announced over $3 million raised in its seed funding round led by Austin-based Silverton Partners with participation from California-based Amplify and Denver-based Ping Identity. The total raised in the round is $3,133,337, which, as the press release explains, translates to “elite” in hacker speak.

Allthenticate’s technology and services allow users to utilize smartphone devices to unlock and log in to everything — from doors to computers and servers. The company's mission is to provide safe, easy-to-use security infrastructure for everyday use and to target small- to medium-sized businesses to deploy the technology across their workforces.

“The Internet desperately needs an authentication overhaul," says Chad Spensky, founder and CEO of the company, in the release. "Our current ecosystem is cumbersome, limits innovation, and has numerous security shortcomings. I have dedicated my career to this problem and feel very fortunate to have the support to continue to develop our technology and bring it to the masses. Click here to continue reading.

Houston space health organization announces new diversity-focused grant recipients

TRISH’s Diversity Partnership Solicitation Program selected two research teams to receive funding and support. Photo via BCM.edu

A local organization announced two newly funded partnerships to advance research and innovation within space health.

The Translational Research Institute for Space Health, or TRISH, at Baylor College of Medicine has announced — along with partner organizations Caltech and the Massachusetts Institute of Technology — $300,000 in funding for teams at Texas State University and the University of Florida.

The two schools have been named awardees of TRISH’s Diversity Partnership Solicitation Program that was founded to support TRISH’s ongoing commitment to increasing engagement from underrepresented groups in the field of space health research.

“We go to space to improve life everywhere, and we must do so representing everyone,” says Dr. Asha S. Collins, chair of TRISH’s Diversity Advisory Board, in a news release. “The members of TRISH’s Diversity Advisory Board helped select two strong partners through our Diversity Partnership Program, and their work will move us closer to achieving that reality for the future of space exploration for all.” Click here to continue reading.

Trending News

Building Houston

 
 

VR training startup, HTX Labs, has raised funding from an outside investor for the first time. Courtesy of HTX Labs

HTX Labs, a Houston-based company that designs extended reality training for military and business purposes, announced last week that it has raised its first outside capital.

The company has received a $3.2 million investment from Cypress Growth Capital. Founded in 2017, HTX Labs — developer of the EMPACT Immersive Learning Platform — has been granted funding from the Department of Defense as well as grown its client base of commercial Enterprises. The platform uses virtual and extended reality that "enables organizations to rapidly create, deploy, measure, and sustain cost-effective, secure, and centralized immersive training programs, all within engaging, fully interactive virtual environments," per a news release.

“We have been looking to secure outside capital to accelerate the growth of our EMPACT platform and customer base but we hadn’t found the right partner who provided an investment vehicle that matched our needs,“ says HTX Labs CEO Scott Schneider in the release. “We found everything we were looking for in Cypress Growth Capital. They have a non-dilutive funding model that aligns with our capital expectations and have the level of experience that really makes this smart money.

"Cypress has a decade-long track record of success in helping emerging software and services companies achieve scale," he continues. "It is clear that the team’s collective entrepreneurial and operating experience will be of tremendous benefit to us as we focus on expanding our customer base in a very intentional way.”

The fresh funding will go toward growing and scaling the company's operations — both within the current Department of Defense and expansion opportunities into key commercial markets, like heavy industry, manufacturing, and higher education. Additionally, the funding will support increased customer adoption.

“Scott and his team have built an exceptional business that is poised for dramatic growth,” says Cypress Partner Pat McCaffrey in the release. “HTX Labs’ modern, immersive training solution provides clients with a force multiplier for modernizing training and an unmatched ROI.”

Trending News