Kinvey Raises $5 Million For Mobile And Web App Backend As A Service

Kinvey, the TechStars startup out of Boston that provides a unique back end as a service (BaaS), has closed $5 million in a new Series-A round of financing, led by Avalon Ventures with Atlas Venture following on. Kinvey previously raised a $2 million seed round in August last year.

Kinvey wants to be the company that provides the glue that fits the solutions of old with the service of this new age of IT. To do that, the company is today bringing out of beta a service that does much of the back end work that is often the bane of an organization as it seeks to bridge new and old systems.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/WmIsgDu8VjM/

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