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Bedford, Massachusetts, United States
Progress Software Corporation is an American publicly held company headquartered in Bedford, Massachusetts.
Last updated
In 2017, Kinvey's revenue reached $5M. Since its launch in 2011, Kinvey has shown consistent revenue growth.
Kinvey reached a $15M valuation in 2025, set during its M&A Offer round.
Kinvey has raised $17.9M in total funding across 4 rounds, most recently a $10.9M Series B round in 2014.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2025 | M&A Offer | - | $15M | - | |
| 2014 | Series B | $10.9M | - | - | |
| 2012 | Series A | $5M | - | - |
CEO
Sravish is the Founder and CEO at Kinvey. He has been an entrepreneur from the time he graduated with a Computer Science degree from the University of Texas at Austin. He founded Kinvey with the belief that mobile devices and applications are going to empower people across the planet by enabling new ways to access, communicate and collaborate with the world we live in. Prior to Kinvey, Sravish invested in and advised various startups in the areas of cloud computing, virtualization and Green IT. He also worked at Red Hat as part of the team that built its cloud strategy and product roadmap. Straight out of college, Sravish was a founding team-member at United Devices (UD), a company that built grid computing software. At UD, Sravish wore many hats. He wrote a desktop agent and screen saver that 3.5 million people downloaded to contribute idle cycles from their PCs to run cancer research algorithms. He then moved to India to build a large offshore development team for the company, and eventually lived in Europe for 4 years to grow a sales and consulting organization in Zurich, Paris and London, while being the #1 revenue contributor to the business. UD was acquired by Univa, where Sravish became the VP of Product Management and Business Development. In addition to his corporate work, Sravish is the Founder at We Flap, a 501(C)(3) non-profit that trains and helps non-profits and NGOs in India use social media to create a support network of people that are interested in helping them with their professional expertise.
| Question | Answer |
|---|---|
| What's your age? | 39 |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Kinvey serves 50 customers.
Kinvey employs approximately 44 people as of 2026. It serves 50 customers that rely on its solutions.
Kinvey generates $5M in revenue.
Kinvey was founded by Sravish Sridhar.
The CEO of Kinvey is Sravish Sridhar.
Kinvey raised $17.9M across 4 rounds.
Kinvey has 44 employees.
Kinvey is headquartered in Bedford, Massachusetts, United States.
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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Valuation
$15M
2017 Revenue
$5M
Customers
50
Funding
$17.9M
Avg ACV
$100K
Team
44
Founded
2011
| Year | Milestone | Source |
|---|---|---|
| 2017 | Kinvey Hit $5m revenue in August 2017 | |
| 2011 | Launched with $0 revenue |
| 2011 | Seed Round | $2M | - | - |
| 2011 | Seed Round | $18K | - | - |
| Year | Milestone | Source |
|---|---|---|
| 2017 | Reached 44 employees (August 2017) |
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