Kony Solutions, the application tool for creating mobile apps that can run on any mobile system, today announced it secured a first round of funding for $19.1 million from Insight Venture Partners. An initial $13.4 million tranche of the funding will be used to expand research and development as well as global expansion of sales and marketing.
The company dubs its service as &''write once, run everywhere&'' which allows users to create a single source code to run on multiple channels, including mobile, SMS, web and desktop as well as any device. Kony Solutions also allows for changes to the code, which would then be pushed to all channels and devices.
Competitor Netbiscuits also announced it had secured funding today, according to TechCrunch. While an exact number wasn&'t given, the company says it has raised several million euros from T-Venture and Creathor Venture.
The San Mateo, California-based company, founded in 2007, claims to have more than 400 employees and targets fortune 500 companies, including half of the U.S. airline industry.
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Companies: Kony Solutions
Companies: Kony Solutions
Cody Barbierri is a social and digital media consultant. He works for Piehead and blogs about social media at Social Tab. (None of his posts are about clients or their competitors.) Reach him at Cody@venturebeat.com. You can also follow Cody on Twitter.
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