Mobile Startup Yap Secures $6.5 Million in Series A Funding

Yap Incorporated 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. "Yap is truly a leader in freeform speech recognition and driving innovation in the mobile user experience," said Paul Grim, General Partner at SunBridge Partners. "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. We 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." [click heading for more]