Headless CMS Kontent.ai has secured a $40 million investment from Expedition Growth Capital (EGC).
Powering over 2,000 projects including websites, apps and headless commerce experiences, Kontent.ai was originally started in 2015 as a business unit of 18-year old bootstrapped company Kentico. Today, Kontent.ai employs over 120 employees across five offices on four different continents. As a new independent company, it is ready to hire 100 employees in the next 12 months.
This new funding sees Kontent.ai become its own standalone company following seven years as a business unit within parent company Kentico. As a bootstrapped company Kentico has developed two products concurrently, the headless CMS Kontent.ai alongside a flexible digital experience platform (DXP), called Xperience by Kentico.
As part of the announcement, the separation into two separate companies also means changes to the position of CEO. The newly formed Kontent.ai company will be led by Bart Omlo while Kentico will be led by Dominik Pintér. The current CEO and founder of Kentico, Petr Palas will move to the role of Chairman of the Board for both companies.
