HOUSTON, Dec. 18, 2018 /PRNewswire/ -- Commtrex was recognized as one of the 10 Most Promising Digital Companies at the 2018 Texas Digital Summit hosted by the Rice Alliance for Technology and Entrepreneurship and Station Houston at Jones Graduate School of Business, Rice University on Dec. 6.
Artificial intelligence, blockchain, Internet of Things and machine learning were represented among the 40 who presented their four-minute business pitches to an audience of more than 300 people including investors and industry experts. The Houston entrepreneurship community is carving a niche for enterprise technology, which plays to the strengths of Houston's top industries of energy, life science and advanced manufacturing.
The one-day event culminated in an announcement of the Rice Alliance for Technology and Entrepreneurship 10 Most Promising Digital Companies chosen from 40 presenters and judged by investors and business leaders in attendance, based on the companies' business plan presentations and investor feedback.
Commtrex is the only online, open marketplace facilitating business between Lessors, Rail Service Providers and Railroads. The Commtrex Exchange is a transactional platform, revolutionizing how the rail industry conducts business. In addition to providing Members with market insights and analytics, Commtrex also has created the first Top 10 Rail Services lists for the railroad industry. Commtrex currently has over $468m in railcar assets listed, more than 143,199 storage spaces, 2,751 service locations, and 1,396 transloading facilities listed in its Rail Services Directory.
"The railroad industry has historically been opaque with minimal transparency into supply/demand fundamentals, asset availability, pricing discovery, and connectivity to the right people," says Martin Lew CEO of Commtrex. "Commtrex seeks to turn the lights on in an industry that moves over 80 percent of all commodities across the US. We are the first and only electronic marketplace that provides North American rail shippers with direct access to the resources they need to manage their fleet while also aggregating data analytics on trends and insights for commodities that are shipped by rail."
Rice Alliance managing director Brad Burke, announced the winners of the I.T. and Web Technology Company awards at the event. "Every year the quality of companies improves. This year we had a diversity of companies including artificial intelligence and big data management. We were pleased that the vast majority of companies were from the Houston area, demonstrating that Houston is a hub for enterprise technology solutions."
Sponsors of this year's IT and Web Venture Forum included: Insperity, Accenture, Greater Houston Partnership, Winstead, JP Morgan Chase & Co., Anadarko, Vinson and Elkins LLP, Mercury Fund, PKF - Texas, Norton Rose Fulbright, Dell, GOOSE Society of Texas, Houston Angel Network, RedHouse Associates, Houston Exponential, Texas Halo Fund, TMC Innovation, The Cannon, and TiE Houston.
About The Texas Digital Summit
Digital technology is unlocking new business models and transforming how industries operate and how people work. The Texas Digital Summit is the premier digital event in Texas that brings together members from industry, emerging AI, blockchain, big data, Internet of Things, advanced manufacturing, machine learning and other companies, academic, and investors. This event represents an opportunity to meet investors, learn about promising digital advancements and network. The Texas Digital Summit is hosted by the Rice Alliance for Technology and Entrepreneurship and Station Houston.