SWYPE SECURES $5.6 MILLION IN SERIES B VENTURE FUNDING

Innovative Text Input Company Backed by Benaroya Capital, Nokia Growth Partners and Samsung Ventures

December 15, 2009

Seattle, WA - Swype, an innovative text input technology, today announced that it has secured $5.6 million in Series B financing led by Nokia Growth Partners, Samsung Ventures, and returning investor Benaroya Capital. The infusion will be used to further fuel Swype's partnerships integrating Swype technology into more mobile handsets and ultimately expand to other touch and remote screen devices.

"The level of confidence shown by investors in our Series B, especially coming from two of the largest device manufacturers in the world and a returning investor, demonstrates the viability of our product and the known added value it can bring to mobile devices," said Mike McSherry, CEO of Swype. "We're thrilled with these strategic partners and look forward to launching Swype on a number of new devices and platforms."

John Gardner, partner at Nokia Growth Partners said "UI technology is a key part of our view of the growing mobile market. We are delighted to participate in this round of funding for Swype, enabling them to bring their cutting-edge technology to more mobile and touch-screen devices."

Swype's intuitive and patented new technology which provides a faster way to input text on touchscreens, recently launched on its first consumer device, the Samsung Omnia II.

"We are excited about the significant potential associated with Swype's innovative technology," said Brian Kang, Managing Director at Samsung Ventures America. "We believe that Swype is playing a leadership role in the evolution of mobile user interfaces and is providing an exciting breakthrough technology that can be implemented in a variety of ways."

Swype is faster than existing text entry methods because it has built-in intelligence that doesn't require users to hit each letter accurately. Swype is designed to work across a variety of operating systems and devices such as phones, tablets, game consoles, kiosks, televisions, and GPS units among others.

John Carleton, Managing Director at Benaroya Capital said, "We are pleased to continue our support of the Swype team as they enter the consumer marketplace. The company continues to meet, and exceed, its milestones and is deploying a truly game changing technology.

About Swype

Swype's patented technology provides a faster and more intuitive way to input text on touch-screens. With one continuous finger or stylus motion across the keyboard, users can enter text at over 30 words per minute. Swype was developed by experts in computing and mobile phone text input technologies. Cliff Kushler, founder and CTO, is a co-inventor of the T9 text input software installed on over 4 billion mobile phones. Co-founder Randy Marsden, developed the on-screen keyboard software that has shipped on over 500 million copies of Microsoft Windows. For more information visit: www.swypeinc.com

About Nokia Growth Partners

Nokia Growth Partners is a leading global growth stage venture firm focused on mobile technology, services and media. Nokia Growth Partners is funded by Nokia to provide superior returns and investments into companies, firms, and people that are changing the face of mobility, communications, and the internet. Nokia Growth Partners works closely with the promising companies adding value through deep domain expertise and network in the mobility market combined with many years of venture investment experience. Nokia Growth Partners offers companies in which it invests a global engagement model through its presence in the U.S., Europe and Asia. For more information visit: www.nokiagrowthpartners.com

About Samsung Ventures America

Samsung Ventures America (SVA) is the US operation of Samsung Venture Investment Corporation (SVIC), the venture capital arm of the Samsung Group. SVA and SVIC collectively manage over $400 million, tracking closely to the strategic priorities of Samsung Electronics' and other Group companies' core operating divisions, and encompassing investments in semiconductors, displays, telecommunications, and consumer electronics. For more information visit: www.samsungventures.com.

About Benaroya Capitol

Benaroya Capital Company has been an active early-stage investor in Pacific Northwest technology companies since its inception in 1995, with a focus on imbedded mobile applications and SaaS technologies. Its $40 million portfolio is managed by John T. Carleton (johnc@benaroya.com. Representative investments are Tegic Communications, Cequint, and Swype in mobile, and Avalara, AdmitOne Security and Veratect in SaaS. For more information visit: www.benaroya.com.