The round was co-led by current investor, Tobin Geatz, and Yousry Sayed, CEO of Quality Chemical Laboratories (QCL), a marquis CloudWyze customer.
The round was oversubscribed indicating substantial appetite for CloudWyze's innovative approach to solving critical IT issues for small and medium size businesses (SMB).
Tobin Geatz, who is also General Partner at Seahawk Innovation, adds, "CloudWyze became critical to me while I was operating a high growth venture in the CRO sector.
The ingenious and cost effective solutions CloudWyze provided positioned us to compete against far better capitalized companies in our markets.
Like Yousry, I was so impressed with their service, I became an investor."
Olsen said, "We're grateful to QCL
and Dr. Sayed for believing in us.
About Tobin Geatz (www.seahawk.biz)
Tobin has an extensive background in business start-ups, expansions, and technology applications.
He was founder and Chairman of the Board of PharmaTech Solutions in 1999; he then became CEO and Chairman of the Board of Inclinix, Inc.
Tobin is also Special General Partner at Aurora Funds II, a $75MM technology venture fund, and as a LP investor in two additional venture funds.
has also founded, funded, operated, and successfully exited several companies including Applied Chemical Solutions
, Supercritical Systems
, and Discrete Wireless