What is NetWize?
NetWize operates as a managed IT services provider, delivering expert IT solutions and customized technology services designed to empower businesses. The company's core focus is on enhancing operational security, optimizing productivity, and fostering business growth through bespoke technology packages. Serving over 50 small to medium-sized businesses, particularly within Utah, NetWize prioritizes rapid response times and comprehensive support to ensure seamless operations and strategic alignment between technology investments and overarching business objectives. Their service portfolio encompasses managed IT, robust cybersecurity measures, scalable cloud solutions, and strategic IT consulting.
How much funding has NetWize raised?
NetWize has raised a total of $1.4M across 2 funding rounds:
Debt
$250K
Debt
$1.1M
Debt (2024): $250K with participation from Live Oak Bank
Debt (2024): $1.1M, investors not publicly disclosed
Key Investors in NetWize
Live Oak Bank
Live Oak Bank is a prominent financial institution that often provides debt financing solutions to businesses, supporting their growth and operational needs.
What's next for NetWize?
The substantial enterprise-level funding indicates NetWize is poised for a significant scaling phase. This capital injection is likely to fuel strategic initiatives such as expanding service offerings, enhancing cybersecurity infrastructure, and broadening its geographic reach beyond its current stronghold in Utah. Further investment may also target talent acquisition to support a growing client base and accelerate the development of innovative IT solutions. The company's focus on empowering businesses through technology suggests a continued emphasis on client success and operational efficiency as key drivers for future growth.
See full NetWize company page
