Kony grabs funding to build mobile business apps

No — not that
Kony. Enterprise-minded company
Kony builds mobile apps for business and consumers and encourages the bring-your-own-device movement with an enterprise app store. Wednesday it announced a $15 million third round of funding.

Kony’s main platform, KonyOne, allows businesses to write one app that can run on multiple mobile devices. The service also caters to business-to-business and consumer-focused app building needs. The company recently launched pre-built industry-specific
apps for industries such as
automotive, media, and
retail. Kony’s also working on a new platform for release next month, focusing on business-to-employee app building.

The company just finished its fiscal year and boasts a 200 percent growth in business. It also says it has added 30 customers in the last year, including Scottrade and Toyota.

Kony faces competition from other mobile marketing and application development companies, such as
Netbiscuits, which counts Siemens and eBay as customers.

Insight Venture Partners led the $15 million round, which will help manage growth and hire new employees.

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

Kony has raised close to $39 million since its launch in 2007. The company is based in Orlando, Florida.

Read more at http://venturebeat.com/2012/05/23/kony-grabs-funding-to-build-mobile-business-apps/#wZgoKAtJzX0rdE55.99