Swype Adds $6M
Seattle mobile-startup Swype, which makes input software for mobile devices, has closed a $6 million Series C financing round led by Ignition Partners and previous investors Samsung Ventures, Nokia Growth Partners, Benaroya Capital, Docomo Capital. Swype’s main product allows people using touchscreen devices like smartphones enter text by sliding their finger across the virtual keyboard, rather than tapping out each letter. The software can predict which letter you’re trying to type by analyzing the path your finger traces on the screen (it also has old-school tap mode). The financing brings Swype’s total fundraising to about $14 million. The company is a descendant of Tegic Communications—Swype’s Cliff Kushler was one of the inventors of Tegic’s T9 text-predicting software for feature phones. Others from the Tegic team went on to work at Nuance, after it acquired Tegic from AOL.