Kony Solutions Completes $18.3M Series D Financing

Kony Solutions, Inc., an Orlando, FL-based mobile and multi-channel application platform and packaged applications provider, completed a $18.3m Series D financing.

Telstra Ventures provided the funding. The two companies also entered into a reseller partnership, enabling Telstra to resell Kony’s solutions to its established customer base and to provide added value to its enterprise customers through its cloud hosting solutions, infrastructure and other services, extending Kony’s reach into the APAC region.

The company intends to use the the funds to further its expansion into the Asia Pacific market, develop its cloud business by investing further in product development, marketing, sales and operations, and accelerate growth in the U.S.

Led by Raj Koneru, CEO, Kony develops a suite of customizable pre-built apps, the Kony Platform and a mobile application management solution, which enables companies to build apps once and deploy them everywhere – across all mobile devices and operating systems.
The company has 250 customers, including Fortune 500 companies, global banks, and Hyatt, Huntington National Bank, Konica Minolta, Schweppes, Tyco and Carl Zeiss.



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