About Kinvey
Kinvey is a company based in Boston (United States) founded in 2010 by Sravish Sridhar was acquired by Progress in June 2017.. Kinvey has raised $17.89 million across 4 funding rounds from investors including Verizon, Progress and Atlas Venture. The company has 825 employees as of December 31, 2020. Kinvey operates in a competitive market with competitors including Modo Labs, Parse, Firebase, AnyPresence and Sails, among others.
- Headquarter Boston, United States
- Employees 825 as on 31 Dec, 2020
- Founders Sravish Sridhar
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Sectors
Technology
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Phone
*********
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Website
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Social
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- Legal Name Progress Software Corporation
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Funding Insights of Kinvey
Kinvey has successfully raised a total of $17.89M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $10.87 million completed in September 2014. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $10.9M
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First Round
First Round
(24 Mar 2011)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2014 | Amount | Series B - Kinvey | Valuation | Ntt Docomo Ventures , Verizon | |
| Jul, 2012 | Amount | Series A - Kinvey | Valuation | Avalon Ventures , Atlas Venture |
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| Jul, 2011 | Amount | Seed - Kinvey | Valuation | Atlas Venture , Avalon Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Kinvey
Kinvey has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Verizon, Progress and Atlas Venture. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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NTT Group backed venture capital fund
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Founded Year | Domain | Location | |
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Seed and early-stage venture capital is provided to US companies.
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Founded Year | Domain | Location | |
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Venture capital firm investing in life science and biotechnology sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Kinvey
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Kinvey
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Kinvey Comparisons
Competitors of Kinvey
Kinvey operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Modo Labs, Parse, Firebase, AnyPresence and Sails, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
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Enterprise mobile Backend-as-a-Service platform for app development is provided.
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An MVC framework for Node.js is developed and maintained.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Kinvey
Frequently Asked Questions about Kinvey
When was Kinvey founded?
Kinvey was founded in 2010 and raised its 1st funding round 1 year after it was founded.
Where is Kinvey located?
Kinvey is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Who is the current CEO of Kinvey?
Sravish Sridhar is the current CEO of Kinvey. They have also founded this company.
Is Kinvey a funded company?
Kinvey is a funded company, having raised a total of $17.89M across 4 funding rounds to date. The company's 1st funding round was a Seed of $2M, raised on Mar 24, 2011.
How many employees does Kinvey have?
As of Dec 31, 2020, the latest employee count at Kinvey is 825.
What does Kinvey do?
Kinvey is a Backend as a Service for developers and enterprises to setup and operate a cloud backend for mobile, tablet and web apps. With Kinvey, developers model the cloud backend needs and Kinvey auto-generates all the APIs to access the data from mobile, web or computing platform. Developers integrate the APIs, and connect to them directly or through native iOS, Android, JavaScript, etc., libraries that Kinvey provides. Customers include Schneider Electric, VMware, Game Show Network, Holder Corporation, Johnson Johnson, and Macquarie Bank.
Who are the top competitors of Kinvey?
Who are Kinvey's investors?
Kinvey has 6 investors. Key investors include Verizon, Progress, Atlas Venture, Techstars, and Ntt Docomo Ventures.
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