FOR IMMEDIATE RELEASE
On October 11 th , 2018, Oracle announced their first class of startups joining the Oracle Global Startup Ecosystem hub in Austin, Texas. Announced earlier this year, Austin is the program’s first coworking location in the U.S. The startups in the hub’s inaugural class of six companies will work closely with Oracle’s research and development team to enable growth and drive cloud-based innovation. Out of the six startups, two startups were made up of diverse CEO’s and an additional startup’s business strategy was around assisting other companies diversify their talent pipeline.
Oracle’s global startup program offers personalized experiences for startups, mentoring from technical and business experts, state-of-the-art technology, free Oracle Cloud credits, and access to Oracle’s more than 430,000 global customers, as well partners and investors. Unlike traditional accelerator programs, Oracle’s is driven by the R&D team and does not take equity.
Selected from a competitive and diverse pool of applicants, the diverse startups joining the Austin-based hub include:
- 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 stores a knowledge representation of underlying data in memory, making it orders of magnitude smaller and unimaginably fast.
- Transmute is a decentralized app engine for enterprise development teams that configures decentralized applications to work seamlessly with public and private clouds. The inevitable rise of Distributed Ledger Technology (DLT) 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. To add on, one of the selected startups out of the six, also included a startup with a diverse business mission.
- 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 find referral-quality candidates at a scale greater than traditional referral platforms.
“The startups entering our inaugural Austin program are ready to scale tremendously innovative enterprise technologies, and we are looking forward to helping them move into their next phase of growth,” said JD Weinstein, head of the Oracle Global Startup Ecosystem in Austin. “We will work closely with each startup to create a personalized journey that enables them to tap into Oracle’s rich ecosystem, cloud solutions, global customers, and market expertise.”
On behalf on BLNDED Media’s mission to provide a voice for underrepresented entrepreneurs in tech and highlight organizations that support diversity and inclusive ecosystems. We’re excited to see and hear some of the stories of founders from diverse backgrounds going through the accelerator program.
Oracle’s commitment to diversity is evident based off their intentional diversity initiatives. For their US accelerator ran by JD Weinstein, the team is also made up of diverse ambassadors who assist with outreach. These ambassadors are individuals from a diverse ethnic and gender background that are familiar with the tech startup ecosystem who educate and encourage diverse entrepreneurs to apply to Oracle’s accelerator program. Among the six Austin startups participating in Oracle’s Cloud Accelerator program, the founder and CEO of Transmute is a Female CEO and Pilosa’s founder and CEO is a Mexico-city born entrepreneur.
Oracle also sponsors a variety of organizations and events that promote diversity.
“It’s great to witness a company as profound as Oracle build a beautiful campus in East Austin and invest directly into entrepreneurs from diverse backgrounds that are contributing to the growth of the local Austin business and tech ecosystem with implications for penetration into global markets.” – Naji H. Kelley, founder & CEO of BLNDED Media
For any additional questions contact:
Alexis M. Davis
About BLNDED Media:
BLNDED Media was founded in February 2016 on the belief that media has a responsibility to reflect the stories of entrepreneurs from all walks of life. Our focus is to bring more color to the opaque mainstream of entrepreneurial storytelling. We work to provide a voice for underrepresented entrepreneurs in tech and highlight organizations that support diversity, in order to build a more inclusive startup ecosystem.