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Speaktoit Secures Funding From IntelInvestment Will Expand Capabilities of the Popular Virtual Assistant App (May 25, 2012)
SUNNYVALE, CA -- (Marketwire) -- 05/25/12 -- Speaktoit, developer of human-computer interaction technologies based on natural language conversations and creator of the Speaktoit Assistant, today announced it has received an investment from Intel Capital, Intel's global investment organization. The Speaktoit Assistant is a talking personal assistant that makes smartphones more efficient and user-friendly by understanding and responding to a user's request in natural language. Launched in May 2011, Speaktoit Assistant has been downloaded more than 2.5 million times, and the app is currently available on iOS and Android, where it is the top-rated virtual assistant.
The funding from Intel Capital will be used to bring the Speaktoit Assistant to additional mobile platforms as well as TV, automotive and smart home electronics. Speaktoit will also further develop the Assistant's functionality by establishing new partnerships with content providers and services. Additionally, the app will become available in other languages, including Spanish.
"We're thrilled to start work on the next phase of the Speaktoit Assistant," said Ilya Gelfenbeyn, CEO of Speaktoit. "Millions of smartphone users around the world have come to depend on the Speaktoit Assistant to help them make their devices become their friend. We're excited to roll out a host of new features and capabilities, and the investment from Intel Capital is a great step toward achieving those goals. We value the expertise that Intel Capital brings to the table to enhance the Speaktoit technology and products."
Maxim Krasnykh, Investment Director at Intel Capital, added that "Speaktoit builds products enabling next generation user interface and user experience; an area that is becoming increasingly important across a variety of platforms including mobile. We look forward to working with Speaktoit and helping the company grow further."
Speaktoit is the creator of the Speaktoit Assistant, a virtual buddy for smartphones that answers your questions in natural language, performs tasks, and notifies you about important events. The Speaktoit Assistant saves you time and makes communication with gadgets and web services easier and less stressful.
About Intel Capital
Intel Capital, Intel's global investment and M&A organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, mobility, health, consumer Internet, digital media, semiconductor manufacturing and cleantech. Since 1991, Intel Capital has invested more than US$10.5 billion in over 1,218 companies in 51 countries. In that timeframe, 196 portfolio companies have gone public on various exchanges around the world and 291 were acquired or participated in a merger. In 2011, Intel Capital invested US$526 million in 158 investments with approximately 51 percent of funds invested outside the U.S. and Canada. For more information on Intel Capital and its differentiated advantages, visit Intel Capital or follow @IntelCapital.
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