Venture Capital is paying attention to backend-as-a-service (BaaS) vendors that enable developers to connect back-end cloud infrastructure to their apps and push social media integration and notifications.
Three major BaaS start-ups – Kii, Kinvey and Firebase – have raised $152 million in VC funding across 36 deals since the start of 2010, according to a Feb. 6 report from CB Insights.
The BaaS market has also been a hotbed of mergers and acquisition activity, with five acquisitions of BaaS startups since the start of 2012. PayPal acquired Stackmob in December, and Facebook recently garnered a lot of attention with its $85 million acquisition of Parse.
The price tag on Parse is a bit of an outlier, as most of the other acquisitions in the BaaS ecosystem have been decidedly smaller.
“What’s Hot” is aggregated content. PYMNTS.com claims no responsibility for the accuracy of the content published by the original source.
