Kony's $37 million financing tops recent funding news in Austin

Kony's $37 million financing tops recent funding news in AustinPhoto: Kony/Facebook
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Published on August 06, 2019

Austin-based ios and mobile apps company Kony has secured $37 million in debt financing, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced on July 30.

According to its Crunchbase profile, "Kony is the fastest growing, cloud-based digital application and enterprise mobility solutions company, and a leading low-code platform and industry apps provider for accelerating digital transformation. Kony helps organizations of all sizes drive business ingenuity by rapidly transforming ideas into innovative and secure omnichannel applications. Built on the industry's leading digital platform, Kony provides the most innovative and secure omnichannel applications, with exceptional user experience and app design."

The 13-year-old company has raised eight previous funding rounds, including a secondary market round in 2015.

Over the past year, 12 Austin-based manufacturing companies have secured venture funding, totaling $94 million in new investment to the local industry.

In other local funding news, embedded systems company New Knowledge announced a $3 million Series A funding round on July 30.

According to Crunchbase, "New Knowledge is a cybersecurity company specializing in disinformation defense for highly visible brands under attack by coordinated disinformation campaigns. Through machine learning and AI we detect threats and provide brand manipulation protection before damage is done."

Founded in 2015, the company has raised five previous rounds, including a $11 million Series A round in 2018.

Meanwhile, consulting company Synthetik Applied Technologies raised $149,937 in grant funding, announced on July 2. The round was financed by U.S. Department of Homeland Security.

From the company's Crunchbase profile, "Service Areas: 01 Artificial Intelligence. Synthetik is uniquely skilled and experienced in the development, training and effective implementation of AI applications. We work with commercial clients and US government agencies to provide computer vision and machine learning expertise, including large-scale synthetic data generation."

Synthetik Applied Technologies last raised $399,999 in a grant earlier this year.


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.