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§ Private Profile · Austin, TX, USA
Cloud-based software company offering low-code digital and mobile application development platforms for organizations, focused on omnichannel apps.
Kony, an Austin, Texas-based cloud-based software company, provided mobility, omnichannel, and internet of things systems and services, specializing in low-code digital and mobile application development platforms. Its cloud-based SaaS platforms enabled organizations, particularly in sectors like digital banking and enterprise mobility, to build secure omni-channel applications for consumers, partners, and employees, generating revenue through subscriptions and licensing. The company secured $133.7 million in funding and reported annual revenue of $94.3 million. Prior to its acquisition, Kony employed over 1,600 individuals worldwide, with Kapil Malhotra holding a Senior VP position. Kony was acquired by Temenos Group in August 2019, with its offerings subsequently integrated into the Temenos Infinity digital banking product. The company was founded in 2007. Its business model centers on sold cloud-based SaaS platforms and services for digital and mobile app development, generated revenue through subscriptions and licensing.
Kony has raised $189.3M across 6 funding rounds.
Kony has raised $189.3M in total across 6 funding rounds.
Kony has raised $189.3M in total across 6 funding rounds.
Kony's investors include Devon Dayton, Steven Murray, Delta-v Capital, Georgian Partners, Hamilton Lane, Peter Sobiloff, Telstra Ventures, SoftBank Capital, Insight Partners, Mark Sherman.
Kony has raised $189.3M across 6 funding rounds. Most recently, it raised $37.0M Debt in July 2019.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jul 30, 2019 | $37M Debt Financing | Devon Dayton | — | Announced |
| Jun 17, 2014 | $50M Venture Round | Steven Murray | Delta V Capital, Georgian Partners, Hamilton Lane, Peter Sobiloff, Telstra Ventures | Announced |
| Jun 1, 2014 | $50M Series E | SoftBank Capital | Insight Partners, Delta V Capital, Georgian Partners, Hamilton Lane, Telstra Ventures | Announced |
| Jun 25, 2013 | $18.3M Series D | Mark Sherman | — | Announced |
| May 1, 2012 | $15M Series C | Insight Partners | — | Announced |
| Jan 1, 2011 | $19M Series A | Insight Partners | — | Announced |
Kony, Inc. was a cloud-based enterprise software company specializing in low-code platforms for mobile app development, omnichannel experiences, and IoT systems. Founded in 2007 and headquartered in Austin, Texas, it served financial institutions and enterprises globally, offering tools like the KonyOne Platform and Kony DBX for digital banking and secure, unified digital experiences across web, mobile, wearables, and AR.[1][2][3] In 2019, Temenos acquired Kony, integrating its banking technology into the Temenos Infinity platform while partnering with HCL Software for non-banking apps, transitioning them to HCL Volt MX—a low-code platform for multiexperience development with features like automated testing, DevOps integration, and enterprise-grade security.[2][3][5] At its peak, Kony reported $115M in revenue and operated 11 offices worldwide, focusing on digital transformation, user-centric design, and seamless data integration.[2]
Kony, Inc. was founded in 2007 in Orlando, Florida, initially as a pioneer in enterprise mobility solutions before shifting headquarters to Austin, Texas.[1][2] The company's early focus emerged from the rising demand for mobile app development amid smartphone proliferation, evolving into comprehensive omnichannel and IoT platforms like KonyOne and Quantum to address enterprise needs for rapid, secure digital experiences.[2][3] Key milestones included rapid growth as a low-code leader, global expansion to 11 offices, and the pivotal 2019 acquisition by Temenos, which absorbed its digital banking tech into Infinity while HCL took over non-banking support—marking the end of Kony as an independent entity but extending its legacy through rebranded platforms.[2][5]
Kony stood out in the low-code development space through these key strengths:
Post-acquisition, these features live on in Temenos Infinity for banking and HCL Volt MX for broader applications.[5]
Kony rode the wave of digital transformation and low-code/no-code trends, capitalizing on the shift to cloud-native, omnichannel banking during the mobile-first era of the 2010s.[1][2][3] Its timing aligned with exploding demand for rapid app development amid IoT growth and regulatory pressures for secure financial services, enabling enterprises to deliver consumer-grade UX without heavy coding.[2][5] Market forces like API-first architectures and multiexperience demands favored Kony's platforms, influencing the ecosystem by setting standards for unified digital experiences—now amplified through Temenos' global banking reach and HCL's enterprise support, accelerating low-code adoption in fintech and beyond.[3][5]
Kony's legacy endures via Temenos Infinity and HCL Volt MX, positioning its tech for sustained relevance in an era of AI-driven, hyper-personalized digital experiences. Next steps involve deeper AI/AR integration and cloud-agnostic scaling to meet rising demands for frictionless banking and enterprise apps. As low-code platforms dominate, Kony's influence will evolve through these successors, shaping faster innovation cycles and reinforcing its foundational role in mobility—from independent disruptor to embedded powerhouse in global digital ecosystems.[3][5]