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Two of San Diego’s best-known tech entrepreneurs have quietly invested in a little-known software startup in North Park called WowYow.
Andy Ballester, the co-founder of tech giant GoFundMe, invested his own personal funds into the startup, along with institutional money from Launch Factory, the startup studio founded by ex-Googler Brad Chisum.
WowYow’s technology is still in its infancy, and the investors say much work needs to be done before they’re willing to predict a slam dunk. But Chisum is bullish.
“This one has the potential to be one of the most exciting things out of San Diego,” Chisum said. “If it’s what Andy and I think it is, this could disrupt computer vision AI and cause all the big boys to realize how far behind they are.”
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There’s a new startup accelerator in San Diego that’s been operating quietly through the pandemic, launched by a tech executive who recently achieved the entrepreneurial dream: a billion-dollar exit.
The new accelerator, called LogicBoost Labs, was founded by software executive Jonathan Cogley, the founder and longtime CEO of a Washington D.C. cybersecurity company called Thycotic.
When he started Thycotic, it was just a consulting firm back in 1996. Cogley opened a tiny office above a sushi restaurant in D.C., taping a paper sign to the door with the word “Thycotic” scribbled on it.
That startup evolved from a consulting shop to a cybersecurity company that was an early player in password management for enterprise customers. Thycotic just sold to TPG Capital for $1.4 billion in March.
The US Air Force Awards OmniSync a Contract for Fostering Technology Commercialization from Universities
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SAN DIEGO, April 20, 2021 /PRNewswire/ OmniSync helps deep technology and life science companies raise debt-free and equity-free funds from the government through its unique product, TurboSBIR. Omnisync was competitively awarded a Small Business Technology Transfer (STTR) contract from the US Air Force s AFWERX program.
OmniSync Incorporated
STTR, a sister to the Small Business Innovation Research (SBIR) program, is a highly competitive award that encourages domestic small businesses to engage in research and development, in collaboration with a non-profit research institution, with the potential for commercialization.
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