Wednesday, January 19, 2011

Kony Solutions raises $19M

Kony Solutions Inc. raised $19.1 million in its first round of venture funding.

Insight Venture Partners gave the money. The first tranche is $13.4 million, and San Mateo-based Kony plans to spend it on research and on sales and marketing.

Raj Koneru is Kony Solutions’ CEO. He helped start Intelligroup (NASDAQ: ITIG) and several other businesses. Kony makes software used in mobile device applications.

Kony’s customers include United Airlines and Toyota Motor Sales, U.S.A.

The company is hiring for several technical and sales jobs.
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