Highland Capital Partners, Kleiner Perkins Caufield & Byers and Middleland Capital support the need for a better virtual typing experience
SAN FRANCISCO, CA – August 14, 2013 – Syntellia, a next-generation text input company, today announced a $3 million Series A financing round with participation from Highland Capital Partners, Kleiner Perkins Caufield & Byers, Middleland Capital and other institutional and angel investors. This financing marks Highland’s first investment under its recently announced Leap Fund™ initiative. The Leap Fund™ was established earlier this year to support entrepreneurs and companies that are developing breakthrough experiences to solve human scale problems.
Syntellia is best known for its award-winning product Fleksy – the first virtual keyboard to make typing on a touchscreen as easy and natural as it is on a physical keyboard. Like a physical keyboard, Fleksy is powerful enough to even allow completely eyes-free typing. Fleksy works by applying a novel Artificial Intelligence approach to the task of typing.
With users ranking typing as one of their biggest frustrations with touchscreen devices, and companies seeking to build competitive advantage, the race is on to develop a better keyboard solution and enable the transition to computing that is fully mobile. Additionally, the emergence of even smaller devices and new technologies, like the Leap Motion Controller, smart-watches and other wearable computers, will further increase the necessity for a comfortable typing solution.
With its new funding Syntellia plans to aggressively reach millions of users with its Fleksy keyboard by expanding its Android beta. It will also be the first third-party keyboard to enter the iOS market through partnerships with leading applications – the first of which will hit the App Store this fall.
“Fleksy is a next generation software keyboard that has the promise to become the standard for typing on a touchscreen,” said Bing Gordon, general partner at KPCB. “We’re excited to partner with Syntellia to develop technologies that improve the touchscreen experience, helping users make a seamless transition from desktop to mobile computing.”
“We are excited to be investing in a very innovative technology that is solving an emerging human scale problem of not just typing, but how people interact with touch interfaces,” said Manish Patel, partner at Highland Capital Partners. “We look forward to Fleksy becoming the standard for text input on the touchscreen, and seeing Syntellia continue to apply Artificial Intelligence-based insights to shape the post-touchscreen experience.”
“Current solutions require too much user concentration while typing. Our goal is to make everyone more productive by offering an experience that just feels right” said Kosta Eleftheriou, Founder & CEO of Syntellia. “To achieve this, we had to rethink the problem of typing for the touch-screen and post-touch-screen era”. "We are extremely pleased to have brought together a panel of strong investors to help us realize our vision, and meet increasing demand for our technology on touch-screens and beyond” said Ioannis Verdelis, Founder and COO of Syntellia.