Kony raises $15m to build on record year | Mobile Industry | Mobile Entertainment

Kony raises $15m to build on record year

Kony raises $15m to build on record year
Tim Green

by

Industry / Funding / May 24th 2012 at 5:28PM

Confirms 200 per cent increase in bookings in FY 2012.

Kony is a specialist in app and site builds. Its KonyOne platform lets developers build an app once and deploy it across more than 9,000 devices, seven operating systems and multiple channels.

The US-based firm is already working with brands including Hotwire, Huntington Bank, Hyatt, Toyota and Capital One. It's especially well-established in the enterprise space with many customers in  airline, automotive and insurance.

Indeed, last year Kony added HTML5 support to its platform and targeted the enterprise BYOD (Bring-Your-Own-Device) sector with off-the-shelf, vertical-specific apps for banking, healthcare, retail, travel and other areas. It plans another major expansion of its platform and application portfolio this quarter.

The new Series C round of financing  should help maintain this grpwth. It's been led by Insight Venture Partners.

“FY2012 was another year of record growth for Kony. We made major extensions to our technology platform and application portfolio and won the business of dozens of new enterprise customers. We also made strategic investments in operational and management infrastructure,” said Raj Koneru, CEO of Kony.

“This funding will help us continue managing the incredible growth we’re seeing in our business.”