Mobile search platform Quixey, which revealed last month it was 'exploring strategic options' has reportedly shut down due to provisions in a loan from equity investor Alibaba.
The decision of US-based mobile search platform Quixey was largely in part due to its inability to repay a loan provided by a shareholder, e-commerce firm Alibaba, Axios reported yesterday.
Quixey has developed deep mobile search technology that can scour multiple platforms for information simultaneously. It had raised approximately $132m in funding since it launched in 2009 but revealed in a blog post late last month it was exploring strategic options for its future.
The company raised $20m in…
