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Dec 21

Innovative Text Input Company Backed by Benaroya Capital, Nokia Growth Partners and Samsung Ventures

Swype, an innovative text input technology, today announced that it has secured $5.6 million in Series B financing led by Nokia Growth Partners, Samsung Ventures, and returning investor Benaroya Capital. The infusion will be used to further fuel Swype’s partnerships integrating Swype technology into more mobile handsets and ultimately expand to other touch and remote screen devices.
“The level of confidence shown by investors in our Series B, especially coming from two of the largest device manufacturers in the world and a returning investor, demonstrates the viability of our product and the known added value it can bring to mobile devices,” said Mike McSherry, CEO of Swype. “We’re thrilled with these strategic partners and look forward to launching Swype on a number of new devices and platforms.”
John Gardner, partner at Nokia Growth Partners said “UI technology is a key part of our view of the growing mobile market. We are delighted to participate in this round of funding for Swype, enabling them to bring their cutting-edge technology to more mobile and touch-screen devices.”
Swype’s intuitive and patented new technology which provides a faster way to input text on touchscreens, recently launched on its first consumer device, the Samsung Omnia II.
“We are excited about the significant potential associated with Swype’s innovative technology,” said Brian Kang, Managing Director at Samsung Ventures America. “We believe that Swype is playing a leadership role in the evolution of mobile user interfaces and is providing an exciting breakthrough technology that can be implemented in a variety of ways.”
Swype is faster than existing text entry methods because it has built-in intelligence that doesn’t require users to hit each letter accurately. Swype is designed to work across a variety of operating systems and devices such as phones, tablets, game consoles, kiosks, televisions, and GPS units among others. … more



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