BaaS provider Kinvey secures $5 Million in Series A Funding
Date: Thursday , August 02, 2012
Kinvey, provider of Backend as a Service (BaaS), has closed $5 million in series A round of funding led by Avalon Ventures in participation with Atlas Venture. Prior to this, the company had raised $2 million in seed round of funding in August last year. The fund will be used to grow the team in Cambridge, build more Kinvey Service Links to cloud services and legacy backends, and grow customer adoption through its public and private cloud deployments.
Founded by Sravish Sridhar in 2010 and headquartered in Cambridge, Kinvey is the first BaaS that makes it easy for the developers to setup and operate a cloud backend for their mobile, tablet and web apps. The service of the company lets app developers spend their time on their mobile apps rather than worrying about connecting to various cloud services, setting up servers for their backend, or maintaining and scaling them.
"Other cloud platforms lock developers in with only the features they provide. If you want any other feature or data, you're on your own. That's wrong. We want to free features and data from any source and make it available to applications in a unified fashion, by addressing the complexity ourselves. Developers can then focus on creating magic with Kinvey services, cloud APIs and legacy data, to deliver fantastic experiences to their users," says Sravish Sridhar, Founder & CEO, Kinvey.
Along with this recent round of funding, Kinvey uncovers a series of recent integration announcements, including Adobe (PhoneGap), Appcelerator, HP, Urban Airship and VMware (Cloud Foundry). Developers building apps that connect to Kinvey can use any mobile SDK to build their front-end and PaaS vendor to host business logic and custom websites.