Kony Inc., an Orlando mobile-software company, announced it has raised $50 million in venture capital funding co-led by Softbank Capital and Insight Venture Partners, after reeling in one of the biggest venture-capital deals in Florida so far in 2014.
Fueled by $50 million in new financing, Kony Inc. expects to add jobs in Orlando, other U.S. offices and locations in Canada, Europe and Asia, the company said. Details of the expansion are yet to be determined.
“All of Kony’s offices, including its headquarters in Orlando, are expected to expand,” a spokeswoman said. “But Kony can not predict by how much.”
The fast-growing company, which employs 100 in Orlando, develops mobile platform software for Fortune 500 companies such as AT&T Corp., Citibank, Aetna and Southwest Airlines. The “one-stop” software tools enable companies to build their own mobile apps automatically configured to work on any wireless device.
Kony’s latest round of investment is one of the largest venture-capital deals announced this year in Florida. Second-quarter venture data will be released next month by PricewaterhouseCoopers and the National Venture Capital Association based on Thomson Reuters’ survey.
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