Blog Post

Nokia, Samsung Invest In Swype To Improve Typing On Touchscreens

When a start-up gets funding from both Samsung and Nokia (NYSE: NOK), that’s huge validation. Today, Seattle-based Swype is getting a healthy dose, after securing $5.6 million in a second round of funding from Nokia Growth Partners, Samsung Ventures and existing investor Benaroya Capital.

Swype had previously raised $1.7 million from friends, family and its management team, and spent the past seven years developing an easier way to type on a touchscreen keyboard — something that has become crucial as physical keyboards have disappeared. Samsung calls Swype’s technology “genius texting” and I compare it to waving your finger like a magic wand (video after the jump). So far, it has only shipped on one phone but with this money Swype will be ramping up to roll-out on several smartphones in the new year. This has included Windows Mobile and Android phones for some time, but now presumably Nokia is also interested since it’s an investor.

Mike McSherry, Swype’s CEO, confirmed that Swype is launching on a number of new devices and platforms: