San Diego-based telecommunications and mobile apps company KaiOS Technologies has secured $50 million in Series B funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced May 22.
According to its Crunchbase profile, "KaiOS Technologies powers an emerging global ecosystem of affordable digital products and services. Its mobile operating system, KaiOS, enables a new category of lite phones and other IoT devices that require limited memory while still offering a rich user experience. KaiOS comes with an app store based on HTML5, and through partnerships with developers including Facebook, Google, YouTube, and Twitter, it offers popular services like social media and streaming to millions of users in both developed and emerging markets."
The three-year-old startup has raised two previous funding rounds, including a $22 million Series A round in 2018.
The round brings total funding raised by San Diego companies in apps over the past month to $56 million. The local apps industry has produced 11 funding rounds over the past year, yielding a total of $114 million in venture funding.
In other local funding news, content company Tiled announced a $1.5 million seed funding round on May 20, led by Kickstart Seed Fund.
According to Crunchbase, "Tiled is the leading microapp platform. Microapps are rich, interactive content experiences that perform like native apps or fully coded websites and are commonly used for sales pitches, playbooks, training, customer education, internal communication, content marketing and more. Tiled delivers an unprecedented level of insight into content engagement with Pathway Insights, Completion Events, and the Tiled Engagement Score."
The company also raised a $2.3 million seed round in 2018.
This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.
