Speaktoit Raises Series A From Intel

Speaktoit said it raised a Series A round from Intel Capital. Terms were not disclosed. The company’s Speaktoit Assistant is a talking personal assistant for use with smartphones. It has been downloaded more than 2.5 million times since its launch in May
2011 and runs on iOS and Android.

PRESS RELEASE

Speaktoit Secures Funding From Intel

Investment will expand capabilities of the popular virtual assistant app

Sunnyvale, CA – May 25, 2012 – 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.”

About Speaktoit
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.