After selling his startup to Google where he worked on its Project Zero security research team until 2019, Thomas Dullen, together with Sean Heelan founded Optimyze.Cloud AG with headquarters in Zurich. The cloud computing startup is building software to help companies track and optimize their cloud resource consumption in CPU, storage, and network utilisation. Unlike existing solutions, Optimyze can pinpoint where costs are being lost, thereby allowing increased efficiency, cost-saving and improved margins.
Optimyze is aiming towards market launch this year and to achieve this ambition; it has attracted the Silicon Valley Investor Andreessen Horowitz to lead its seed round. Andreessen Horowitz, also known as a16z, is a venture capital firm invests in seed to late-stage technology companies, across the consumer, enterprise, bio/healthcare, crypto, and fintech spaces. The firm holds over $11B in assets under management across multiple funds. The firm has also backed major consumer and enterprise tech companies, including Facebook, Stripe, Instacart, Airbnb, Lime, and Slack. By investing in Optimyze, Andreessen has made its first-ever investment in a seed-stage company in Europe - as revealed by Business Insider.
"a16z has great infrastructure, an exceptional team and a wealth of experience in the enterprise market that we are aiming for", said Dullien to Startupticker in acknowledgement of the significance of having Andreessen as an investor on ist board.
With the contribution of various other business angels from the IT industry, Optimyze.cloud Inc. based in Delaware raised $3 million. optimyze.cloud AG is a subsidiary of optimyze.cloud Inc. which performs software development services for the parent. The funds will flow into finalising its product and team expansion. Optimyze is currently composed five employees across the globe the team is expected to grow to seven by June.