Alibaba leads $50m Series C round for Quixey
Alibaba Group has led a $50 million Series C round of investment for Quixey, an US-based search engine for apps. New investor GGV Capital and existing backers Atlantic Bridge, Innovation Endeavors, Translink Capital, US Venture Partners, and WI Harper also participated in the round.
The latest investment, which brings Quixey's funding total to $74.2 million, will be used to further develop its flagship product Functional Search technology, which allows users to find apps by describing what they want to do, and will also be used to make extra hires, according to a statement.
"Innovation is at the heart of Alibaba's culture, so backing entrepreneurs who are developing forward-thinking technology is what we love to do. Quixey has a great vision for the future and a fantastic team to see it through," said Joe Tsai, executive vice chairman at Alibaba.
The two-year-old company allows users to search apps whether they are mobile, desktop, web or browser applications.
Last week, Alibaba acquired Kanbox, a Chinese cloud storage service provider backed by Susquehanna Asia Investment and DCM. The value of the deal was not disclosed.
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