Friday, July 15, 2011

Startup gains further funding for innovative 'swyping' keypad design

A new innovative keypad for phones, which helps people enter words faster and learn how to 'trace' them will gain a further $6 million in investment today.

Swype, technology that lets you type by dragging your finger across the keyboard, has closed the Series C round it began in March.

It raised $2.5 million in addition to the previous $3.5 million from�Samsung Ventures,�Nokia�Growth Partners, Benaroya Capital, DOCOMO Capital and�Ignition Partners.

Swype wants to become the only way to type on smart screen phones with its patent-pending technology. Users glide their fingers across all of the letters in a word in one continuous motion; Swype then types the right word.

It's now an 80+ person company; the money will be used to expand internationally and move beyond phones to video game controllers, remotes and in-car displays.

Source: http://www.medicaldaily.com/news/20110713/6924/.htm

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