About Kony
Kony is a company based in Austin (United States) founded in 2007 by Rajesh Telugunti was acquired by Temenos in August 2019.. Kony has raised $107.67 million across 8 funding rounds from investors including BMO, SoftBank Group and Hamilton Lane. The company has 222 employees as of December 31, 2022. Kony has completed 3 acquisitions, including Ask Pivot, Pivotus and Pivotus Ventures. Kony offers products and services including Temenos Infinity, Temenos Quantum, and Temenos SaaS. Kony operates in a competitive market with competitors including Odoo, OutSystems, DigitalOcean, Heroku and Skytap, among others.
- Headquarter Austin, United States
- Employees 222 as on 31 Dec, 2022
- Founders Rajesh Telugunti
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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 Kony, Inc.
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Products & Services of Kony
Kony offers a comprehensive portfolio of products and services, including Temenos Infinity, Temenos Quantum, and Temenos SaaS. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for digital banking customer experiences
Tool for multiexperience app development in banking
Subscription-based banking solutions for efficiency
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Software Development Team
141 people
Product Management Team
100 people
Leadership Team
69 people
Senior Team
40 people
Sales and Marketing
39 people
Human Resources and Administration
25 people
Operations Team
11 people
Legal and Compliance
11 people
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Funding Insights of Kony
Kony has successfully raised a total of $107.67M across 8 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $37 million completed in July 2019. 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 8
- Last Round Debt – Conventional — $37.0M
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First Round
First Round
(24 Feb 2011)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2019 | Amount | Debt – Conventional - Kony | Valuation |
investors |
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| May, 2017 | Amount | Series E - Kony | Valuation |
investors |
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| May, 2015 | Amount | Series E - Kony | Valuation |
investors |
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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 Kony
Kony has secured backing from 9 investors, including institutional and venture fund investors. Prominent investors backing the company include BMO, SoftBank Group and Hamilton Lane. 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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Investment firm scaling software and technology companies from early to late stages.
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Founded Year | Domain | Location | |
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Growth-equity investments are targeted by the private firm Delta-v Capital.
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Founded Year | Domain | Location | |
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Venture capital firm backed by Telstra
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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 Kony
Kony has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Ask Pivot, Pivotus and Pivotus Ventures. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Advertising, digital media, and strategy services are provided by Pivotus.
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2015 | ||||
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Software suite for banking platforms and solutions is provided.
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2015 | ||||
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Digital marketing and website development services are provided by Pivot.
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2004 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Kony
| 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 |
Kony Comparisons
Competitors of Kony
Kony 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 Odoo, OutSystems, DigitalOcean, Heroku and Skytap, 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.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Open-source business management software is developed with integrated modules.
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| domain | founded_year | HQ Location |
Low-code platform enables application development and deployment without coding.
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| domain | founded_year | HQ Location |
Cloud based integrated application development platform
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| domain | founded_year | HQ Location |
Saas based provider of integrated platform as a service solutions
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| domain | founded_year | HQ Location |
Cloud-based environments are delivered for application development and testing.
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| domain | founded_year | HQ Location |
Cloud based integrated solutons for software development
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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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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
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 Kony
Frequently Asked Questions about Kony
When was Kony founded?
Kony was founded in 2007 and raised its 1st funding round 4 years after it was founded.
Where is Kony located?
Kony is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Who is the current CEO of Kony?
Max Chuard is the current CEO of Kony.
Is Kony a funded company?
Kony is a funded company, having raised a total of $107.67M across 8 funding rounds to date. The company's 1st funding round was a Series E of $5M, raised on Feb 24, 2011.
How many employees does Kony have?
As of Dec 31, 2022, the latest employee count at Kony is 222.
What does Kony do?
Kony was founded in 2007 in Austin, United States, as a provider of cloud-based platforms. Field operations solutions are offered, including inspections, work orders, asset tracking, incident reporting, and journey management. Digital banking and development platforms are also supported. Industries served encompass retail, healthcare, government, manufacturing, and automotive. Clients such as Amway, Engie, DBS Bank, and Scotiabank utilize these services across various geographies.
Who are the top competitors of Kony?
Kony's top competitors include DigitalOcean, Heroku and Odoo.
What products or services does Kony offer?
Kony offers Temenos Infinity, Temenos Quantum, and Temenos SaaS.
How many acquisitions has Kony made?
Kony has made 3 acquisitions, including Ask Pivot, Pivotus, and Pivotus Ventures.
Who are Kony's investors?
Kony has 9 investors. Key investors include BMO, SoftBank Group, Hamilton Lane, Temenos, and Diebold Nixdorf.
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