Oracle Names 6 High-Profile Austin Startups to Its U.S. Global Startup Hub
The first thing you might notice about Oracle’s new Global Startup Ecosystem in Austin is that it’s not quite an accelerator, it’s not quite an incubator and it’s loaded with potential.
Oracle, the California-based tech giant that recently opened a huge campus in East Austin, has been on the ground for more than a year gearing up its local staff and its startup hub.
On Thursday, it announced the six startups to enter its new, six-month program, which comes packed with mentorship from Oracle’s R&D teams and access to its extensive list of customers. It takes no equity in its partner companies.
It’s a potential adrenaline shot for almost any aspect of a maturing startup, and the first group in the program exemplifies the types of high-potential startups that could capitalize on that exposure.
Here are the six startups entering the program, with descriptions provided by Oracle.
- data.world is a platform for modern data teamwork. Its smart data catalog can wake up the hidden data workforce within every enterprise, unify silos, and create data-driven cultures faster.
- Eventador is a fully managed, enterprise-grade stream processing as a service platform that addresses a critical business problem: to alleviate the complexities and enable the building of applications that use real-time data at their core. Eventador enables developers to quickly create and painlessly manage real-time data pipelines to gain time-to-market, actionable insights and technology advantages.
- Pilosa enables real-time retrieval of massive, fragmented datasets. Pilosa introduces the concept of splitting the index from the database by making the index a first-class citizen in the modern technology stack. Pilosa’s software can store a knowledge representation of underlying data in memory, making it orders of magnitude smaller and unimaginably fast.
- ROIKOI built one of the first talent recommendation graphs. Companies use ROIKOI software and services to hire a more diverse set of candidates more efficiently than they could through sourcing platforms or job boards, and can find referral-quality candidates at a scale greater than traditional referral platforms.
- Senseye is building a direct link between humans and computers. Senseye’s technology can read the brain wirelessly, providing a vast array of use cases and solutions for many key industries. They are working to enable you to use the human brain tomorrow the way a mouse and keyboard are used today.
- Transmute is a decentralized app engine for enterprise development teams that can configure decentralized applications to work seamlessly with public and private clouds. The inevitable rise of distributed ledger technology and the resulting shift to decentralized applications will be as disruptive to enterprise IT as the transition to cloud computing. Transmute’s mission is to help customers use decentralization when and where it delivers real value, using code they’ve already written.
It speaks to Oracle’s offerings — and it’s 430,000 customers — that a company like data.world, with $45.3 million in venture funding and big name partnerships, is joining the organization. And the list includes an array of technologies with broad applications.
The Oracle hub will be based out of Capital Factory — as opposed to Oracle’s Austin campus. That will also put it in proximity with dozens of other startups, as well as government R&D hubs, including the Department of Defense’s DIuX, the Air Force’s AFWERX and the U.S. Army’s Futures Command.
“The six startups entering our inaugural Austin program are ready to scale innovative enterprise technologies, and we are looking forward to being a catalyst for their next phase of growth,” JD Weinstein, head of the Oracle Global Startup Ecosystem in Austin, said in a news release. “We will work closely with each startup to create a personalized journey that enables them to tap into Oracle’s rich enterprise ecosystem, cloud solutions, global customers, and market expertise.”
Oracle’s accelerator officially launched in June, offering free Oracle Cloud credits and access to investors and customers at a massive scale.
It has offices in Bangalore, Bristol, Delhi, Mumbai, Paris, Sao Paulo, Singapore and Tel Aviv. But this is the first in the U.S.
Oracle appointed Weinstein, a former principal at WPP Ventures and a former venture associate at Capital Factory, as its leader.
Oracle’s new program joins Capital Factory, Techstars, MassChallenge Texas and several other incubators in Austin’s expanding ecosystem.
“Being part of this global startup program will be invaluable for us,” Transmute CEO Karyl Fowler said in a news release. “Not only will it allow us to work directly with Oracle Cloud and Oracle engineers to optimize our enterprise platform offering, but we will also benefit from Oracle’s vast global resources, customer ecosystem, and business expertise.”