Jump to content

Microsoft - SwiftKey acquisition for $250M


Recommended Posts

  • Founder

Microsoft is planning to acquire the London-based AI powered predictive keyboard manufacturer for around $250M. The UK start-up company founded in 2008 by Jon Reynolds and Ben Medlock, is installed on hundreds of millions of smartphones across the globe and has more than 150 employees in London, San Francisco and Seoul.


Swiftkey, which is considered by its founders as a language technology company, is offering the app free for download in both Android and iOS devices since 2014.  It supports more than 100 languages and uses artificial intelligence in order to learn the writing style of its user and be able to predict the next word to be typed.


This is not the only company Microsoft is trying to acquire in an effort to regain a foothold in mobile but neither it is for Google with DeepMind or for Apple with VocalIQ whose AI software helps computer and people converse more naturally.  


Despite being installed on more than 300M devices and being on top of app chart as one of the most popular app, SwiftKey's selling price was lower than what investors might have hoped for a couple of years ago. 

 

 

 

 

Source: Financial Times


View full article

Link to comment
Share on other sites

  • 3 years later...

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use. We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.