SwiftKey team raises $2.4M round

TouchType CEO Jon Reynolds and CTO Dr Ben Medlock

Big news from the team behind SwiftKey today! Following an incredible 24-hour promotion to celebrate Android’s 10bn app download milestone, which saw SwiftKey X shoot back up to the top of the charts, we’re pleased to announce that our company TouchType has closed a new round of funding.

We’ve secured an additional $2.4 million (£1.5m) in Series A investment from an internal round led by London-based Octopus Investments. You can read about it on Venture Beat, Tech Crunch, mocoNews, or see our press release on MarketWire.

In addition to the revenue that we already generate, we’ll be using the funding to focus on the next phase of growth and development for SwiftKey and our company. We plan to strengthen our executive, commercial and technical teams with the new investment, increasing their worldwide presence, particularly in the US and Asia.

We also plan to improve the capabilities and features of our SwiftKey apps and the Fluency language platform that underpins them, while continuing to innovate in the fields of natural language processing, artificial intelligence and machine learning.

This comes after an astounding year for the business. We have had some great success with SwiftKey – frequently being in the top 10 apps over the last year, and repeatedly hitting the top spot globally. We’ve also licensed our technology to a number of major OEMs including Vizio.

Our focus now is developing SwiftKey to make it even better for users like you, extending the capabilities of Fluency, and securing further licensing deals.

In addition to Octopus, and following considerable internal demand, our funding round was supported by several of Europe’s leading angel investors and VCs including: Cambridge Capital Group; Jon Craton, Cramer Systems founder; Nick Hynes and Carl Uminski, CEO and COO founders of Somo Agency; Richard Brennan, former CMO of Orange Group; and Andrew Thornton, barrister with Erskine Chambers.

For press inquiries, please see our company contact us page.

Cheers,
Joe

Filed under: Company news | Comments (5)

5 Responses to SwiftKey team raises $2.4M round

  1. David

    Congratulations! SwiftKey is a great product.

  2. Brett Morman

    Add more themes, like iphone!

  3. Marcus

    Please provide Chinese language support. I used both English and Chinese often and despite i like using swiftkey keyboard, it is a hassle that I need to switch keyboard whenever I want to type in Chinese.

  4. Nevzat

    Please add Turkish spesific characters to Turkish Qwerty keyboard’s main screen. It’s pain to access them. Unfortunately SlideIt’s Turkish keyboard is better designed :(

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