Atlantic Bridge Leads $20m Series B Investment round in Quixey
Quixey's Functional Search™ transforms the entire app ecosystem by helping people find apps that do what they want
Palo Alto, California - June 7 2012 - Quixey, the leader in app search, today announced that it completed a $20 million Series B funding round to expand its world-class team, drive global partnerships and further develop the company's groundbreaking Functional Search™ technology. With millions of apps, it's challenging for people to connect and engage with apps at the moments they need them - Quixey solves this problem. Quixey partners with everyone, from mobile manufacturers and browsers to search engines and carriers, to power app search across every platform and device.
"Every hour of everyday, apps are changing people's lives. It's easy to see why Quixey's mission—to connect people with apps that will make their lives better, is resonating," said Tomer Kagan, CEO of Quixey. "This investment enables us to continue building the world's greatest team and products, target international markets and engage people around the world with apps."
Quixey's Functional Search™ is intuitive - people simply search for what they want to do, and Quixey finds apps that can help. For example, "find cheap gas," "entertain a 3 year old" or "identify what song is playing." Unlike other search engines, Quixey is not looking for a keyword match, but rather an app that matches a user's need. While other search engines require users to know the exact app keywords to get good results, Quixey allows users to describe what they want to do in natural language. Functional Search™ works by gathering data from blogs, review sites, social media outlets and across the web to learn exactly what each app can do.
Kagan says, "Quixey was created to solve a huge problem. Millions of apps exist and thousands more are being created every day across all platforms, but people can't find apps in the moments they need them. Quixey is the only company that connects users with apps across all platforms. Whether a user is on their mobile device, desktop, browser, app store, the web or any other platform, Quixey will connect them with the right apps."
Kevin Dillion, Partner at Atlantic Bridge Capital says, "The caliber of the Quixey team is impressive - the most talented we've seen in quite some time. Their ability to constantly deliver innovative products is unparalleled. Their Functional Search™ technology is being well received in the global market. The roster of manufacturer, carrier and search engine partners the company plans to announce this year is also incredibly impressive, proving why Quixey has quickly become a dominant force in the app ecosystem."
The Series B financing brings Quixey's total amount of funding to $24.2 million to date. The company has gained considerable attention from the global investment community. This round includes Atlantic Bridge Capital, SK Telecom Ventures and TransLink Capital as well as follow-on investments by US Venture Partners, WI Harper Group and Eric Schmidt's Innovation Endeavors.
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