Alibaba Led $50M Series C Round For App Search Engine Quixey

California-based mobile app search engine Quixey says it has closed series C financing of US$50 million led by Alibaba Group.

New investor GGV Capital and existing investors Atlantic Bridge, Innovation Endeavors, Translink Capital, U.S. Venture Partners and WI Harper also participated in the round.

"Next year, 95% of the world’s population will have mobile access, and by 2016 people will use 1.5 billion smart mobile devices," says Tomer Kagan, CEO and co-founder of Quixey.

With this latest round, Quixey’s total funding amounts to US$74.2 million.

Founded in 2011, the company says it will use the proceeds to further develop its technology.

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