Delighted for the Swiftkey Founders. Here is a good piece on what Swiftkey's acquisition means for UK Tech Exits.
Microsoft is acquiring London-based SwiftKey, a predictive-keyboard app maker, for a reported USD250m, which represents a good exit for the two founders and its investors, which had pumped USD21.59m into the company to date. Powered by artificial intelligence (AI), the app fits neatly into Microsoft’s ongoing attempts to build up its mobile and productivity services, as well as its AI and language recognition capabilities. SwiftKey will continue to function as normal with Microsoft saying that it will, “explore scenarios for the integration of the core technology across the breadth of our product and services portfolio.”