Onymos secures $12 million in recent financing round to further boost its Features-as-a-Service platform

Onymos, developer of its Features-as-a-Service platform, announced that it has raised $12 million in Series A financing, enabling the company to further enhance its platform for application development, expand its team, and build market leadership.

The funding round was led by Great Point Ventures, with participation from Benhamou Global Ventures, Engineering Capital, and Industry Ventures.

The Onymos Features-as-a-Service platform enables application development and innovation at unmatched speed, quality, and cost for enterprises across industries such as retail, healthcare, delivery, and digital media and entertainment, according to the company.

It has a full suite of over 20 foundational features, including login, biometrics, chat, data storage, deep links, geo-services, and notifications. These features can be easily added to new or existing applications and include the UI/UX, underlying logic that runs on the device, as well as server-side functions and integrations that process and store data in the cloud.

“Enterprises today are experiencing long development times, the ongoing burden of technical debt, and diminished returns on their investments in innovation,” said Shiva Nathan, founder and CEO, Onymos. “Onymos provides a solution that addresses these common challenges and enables engineering teams to focus on building true business value for their organizations. This financing round will allow us to expand our Feature capabilities and continue helping customers rapidly develop and launch best-of-breed applications in weeks instead of months.

For more information about this news, visit https://onymos.com.