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Kony Solutions Raises $19.1 Million For Mobile Application Platform

January 18th, 2011 01:14 admin Leave a comment Go to comments

Kony Solutions, provider of a so-called ‘write once, run everywhere’ mobile platform and vertical market mobile solutions, this morning announced that it has secured $19.1 million in Series A financing from Insight Venture Partners, the investment firm that boasts stakes in companies like Twitter, Chegg, Six Waves, Datacore Software and HauteLook.

Kony initially raised a tranche of $13.4 million from Insight, which it says will enable it to expand its research and development related to its mobile application platform, which serves millions of users worldwide. In addition, the funding will be used to accelerate the global rollout of Kony’s sales and marketing.

Kony says more than 35 Fortune 500 brands have engaged its solutions to develop, design, deploy and manage their mobile offerings, across more than 8,500 mobile devices, from the iPad and iPhone to Android, BlackBerry, Symbian, J2ME, Windows Phone 7 and Palm devices.

In addition, Kony’s platform also supports device-optimized mobile websites for more than 15 browsers, such as Apple Safari, Google Chrome and Firefox with support from WML through HTML5 (depending on browser capabilities and device form factors).

This morning, we reported that Netbiscuits, which also provides a (cloud-based) mobile software platform, raised millions in funding from T-Venture and Creathor Venture.

Source: Kony Solutions Raises $19.1 Million For Mobile Application Platform

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