Kinvey Raises $10.8M in Series B Funding

kinveyKinvey, a Boston, MA-based enterprise Backend as a Service (BaaS) platform, raised $10.8m in Series B funding.

The round was led by new investors NTT DOCOMO Ventures and Verizon Ventures with participation from existing investors Avalon Ventures and Atlas Venture.

The company, which has raised $17.8M in total, intends to use the funds for product development, accelerate enterprise IT sales, and expand channel partnerships with a focus on cloud and systems integrator partners.

Led by Sravish Sridhar, CEO, Kinvey provides an enterprise Backend as a Service (BaaS) platform for enterprises, agencies, and developers to launch their apps.
The company provides comprehensive support for mobile, tablet, web, and Internet of Things apps and enterprise capabilities including identity management, integration with enterprise data sources and a data store and file store for new mobile data, ability to run customized business logic, and a set of mobile engagement services.
The platform serves IT departments at enterprises including Schneider Electric, Game Show Network, Holder Corporation, Johnson & Johnson, Macquarie Bank, and VMware.



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