Wednesday, June 11, 2008

Yap is truly a leader in freeform speech recognition and driving innovation in the mobile user experience has secured $6.5 million in Series A funding

What Company Is Offering;
Yap is truly a leader in freeform speech recognition and driving innovation in the mobile user experience.It is increasingly clear that the fastest, easiest, and safest way to interact with services on a mobile device is using your voice, and Yap makes this both possible and intuitive. They are excited to help them deliver on a vision in which carriers, device makers, and web portals are all able to provide an entirely new experience for their users.

How Much They Got From VCs:

Yap Incorporated (www.yapme.com) is pleased to announce that it has secured $6.5 million in Series A financing. Led by SunBridge Partners, the round also features participation by Harbert Venture Partners, Pittco Capital Partners, and existing individual investors. Yap will use the capital to fuel expansion of its business and accelerate its advanced research and development initiatives. As part of the round, partners from SunBridge and Harbert are joining Yap's Board of Directors, with Timothy Biltz continuing to serve as Chairman of the Board.

"The scaling opportunities for this business are immense, given unrelenting growth in the mobile data services sector," confided Wayne Hunter, Managing Partner at Harbert Venture Partners. "The Yap team has shown tremendous focus and resiliency, as they create solutions to the challenges faced by the industry to deliver content more efficiently, and for consumers to get that content more easily."

More at:www.yapme.com

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