Speaktoit Secures Funding From Intel

Speaktoit Secures Funding From Intel 
Investment Will Expand Capabilities of the Popular Virtual Assistant
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
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
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
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. 
Allyse Sanchez
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