Palo Alto-Based Quixey Raises $20 Million in Second Round

Palo Alto, Calif. -- Quixey, the Palo Alto-based developer of a search engine for apps, said on Thursday it has raised $20 million in its second round of funding, which the company will use to expand its team, forge international partnerships and further develop its technology. Participants included new investors Atlantic Bridge Capital, SK Telecom Ventures and TransLink Capital, as well as previous backers US Venture Partners, WI Harper Group and Eric Schmidt's Innovation Endeavors. Quixey's Functional Search technology allows users to describe what they want to do in natural language, such as "find cheap gas," then finds mobile, desktop, web and browser apps that match their needs. "Millions of apps exist and thousands more are being created every day across all platforms, but people can't find apps in the moments they need them," said CEO Tomer Kagan. "Quixey is the only company that connects users with apps across all platforms." The company, which launched out of private beta in May 2011, now has raised $24.2 million since its inception.
http://www.quixey.com
http://www.marketwatch.com/story/quixey-closes-20-million-series-b-round-2012-06-07