Kony Solutions Raises $15 Million in Third Round of Funding

San Mateo, Calif. -- Kony Solutions, the Florida-based creator of a mobile app development platform, with West Coast operations in San Mateo, said on Wednesday it has landed $15 million in its third round of funding, led by Insight Venture Partners. The company said it will use the proceeds to fuel operations growth, sales and marketing programs and regional expansion. The news follows a year in which the company grew bookings by more than 200% and added more than 30 major customers, including Aetna, CIBC, Scottrade and Sun Life Financial. "This funding will help us continue managing the incredible growth we’re seeing in our business," said CEO Raj Koneru.
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