Language technology company SwiftKey, whose keyboard app was the top-selling paid app on Android's Google Play Store in 2012, has confirmed a USD 17.5 million (EUR 11.3 million) series B investment round led by Index Ventures. The UK-based business will use the capital to fuel further innovation in the fields of natural language processing and machine learning, enhance its text entry technology and expand its product portfolio into new areas. The investment also underscores SwiftKey's commitment to rapid expansion in North America, where it already has an office in San Francisco, and Asia, where it has an office in Korea and a staff presence in China and Japan. Co-Founder and CEO Jon Reynolds is relocating to San Francisco to oversee the company's US roll-out. Index Ventures led the round alongside previous investors Octopus Investments and a number of angel investors. Significant new investors join existing angels including Nick Hynes and Carl Uminski (Somo), Jon Craton (previously Cramer Systems) and the Cambridge Capital Group.
