About optimyze
optimyze is a Technology company based in Zurich (Switzerland) founded in 2019 by Thomas Dullien and Sean Heelan, and was acquired by Elastic in October 2021. Cloud resource consumption is tracked and optimized for cost management. optimyze has raised $3 million across 1 funding round from investors including Elastic and Andreessen Horowitz. Its focus areas include Enterprise Infrastructure, Cloud Infrastructure, Cloud Governance Platform and Spend Management.
Company details
A cloud-based platform for cost management was established in 2019 in Zurich, Switzerland. Enterprises are enabled by this software to monitor and adjust their usage of CPU, storage, and network resources across cloud environments. Operations focus on providing tools for resource optimization in the technology sector, supporting data-driven decisions for efficiency in cloud infrastructure.
- Headquarters Zurich, Switzerland
- Founders Thomas Dullien, Sean Heelan
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Website optimyze.cloud
- Social LinkedIn X
- Acquired by Elastic (Oct 2021)
Funding Insights of optimyze
optimyze has successfully raised a total of $3M through 1 strategic funding round. The most recent funding activity was a Seed round of $3 million completed in May 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $3M
- Total Rounds 1
- Last Round Seed — $3M
- First Round $3M
(May 2020)
- Investors Count 1
All 1 funding rounds of optimyze with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2020 | $3M | Seed | – | a16z | – |
2 investors in total: 2 institutional.
Investors in optimyze
optimyze has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Elastic and Andreessen Horowitz.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments in technology sectors are handled by Andreessen Horowitz. | a16z.com | |||
Cloud based text analytics platform | 2012 | elastic.co | Mountain View, United States |
Investor details for optimyze
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of optimyze
7 people are tracked at optimyze (2 in leadership, 5 in team).
| Name | Role | Group |
|---|---|---|
Thomas Dullien | Co-Founder | Leadership |
Sean Heelan | Co-Founder | Leadership |
Aviram Hassan | Backend Team Leader At Biocatch | Team |
Victor Michel | Senior Engineer | Team |
Tim Rühsen | Senior Software Engineer | Team |
Matt Fleming | Staff Software Engineer At Datastax | Team |
Tim Ruehsen | Senior Engineer | Team |
Complete people profiles for optimyze
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Team structure
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Timeline of optimyze
3 dated milestones of optimyze across 2 years, from founding to its latest funding, stage changes and deals.
- Founded optimyze is founded.
- Funding First funding round of $3.0M.
- Exit Acquired by Elastic.
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Related news about Optimyze
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Frequently Asked Questions about optimyze
optimyze was founded in 2019 and raised its 1st funding round 1 year after it was founded.
optimyze is headquartered in Zurich, Switzerland.
optimyze is a funded company, having raised a total of $3M across 1 funding round to date. The company's 1st funding round was a Seed of $3M, raised on May 2020.
A cloud-based platform for cost management was established in 2019 in Zurich, Switzerland. Enterprises are enabled by this software to monitor and adjust their usage of CPU, storage, and network resources across cloud environments. Operations focus on providing tools for resource optimization in the technology sector, supporting data-driven decisions for efficiency in cloud infrastructure.
optimyze has 2 investors. Key investors include Elastic, and Andreessen Horowitz.
Yes. optimyze was acquired by Elastic in October 2021.