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Swype announced that it raised an additional $2.5 million in Series C financing led by existing investors, including Samsung Ventures, Nokia Growth Partners, Benaroya Capital, DOCOMO Capital and Ignition Partners. With this new money and the existing $3.5 million raised in March with Ignition Partners, Swype’s total series C has hit $6 million. The plan is to use the new cash to enhance the growth with the goal of becoming the default keyboard for all touchscreen devices. Moreover, the idea is to go beyond phones and tablets, and eventually hit other platforms like game controllers, TVs and in-car display.
At the moment, Swype has 15 OEM partners on board and has been shipped on more than 50 million devices in the past 18 months in over 50 countries. By the end of this year, the popular text input software will be preloaded on over 100 million smartphones and tablets sold all around the world.
The company has grown to 80+ employees and recently opened three new offices in North Carolina, Massachusetts and South Korea.
About The Author
Dusan Belic
Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.
