The Deal
Monday, September 15, 
10:55 pm


[Posted on April 2, 2008 - 5:49 PM]

Yahoo! Inc.'s [YHOO] courtship by Microsoft Corp. [MSFT] hasn't stopped it from doing business. The company was the lead investor in a $20 million Series B round of financing in mobile search company Vlingo Corp. The round also included existing investors Charles River Ventures and Sigma Partners, which previously invested $6.5 million in the company.

In conjunction with the deal, Yahoo! on Wednesday launched a voice-enabled version of its oneSearch service that allows users to speak their query as if they were typing it into a search box.

Vlingo said it would use the funds to expand its operations overseas and continue product research and development. The company said its future plans also include placing its technology across a broad range of mobile phones in the U.S., though Yahoo! has exclusive use of the technology.

There's nothing like getting one of the largest Internet companies to not only invest in your company, but agree to use its technology as part of its search operations. If Yahoo! is absorbed by Microsoft, however, it's not clear if the relationship would survive. Last March, Microsoft said it would acquire Tellme Networks Inc., which also provides voice-enabled mobile search.

Yahoo! divulged its plans for Vlingo and mobile search Wednesday at the CTIA-The Wireless Association conference in Las Vegas. The company is promising "instant answers to any query," not just through web links.

See March 2007 statement from Microsoft
See April 2 post from GigaOm
See April 2 story from News.com

 



 


Post a comment




Search


The Tech Confidential Network
The Tech Confidential Network unites the leading voices from around the Internet on the topics of high-tech startups, venture capital and investment exits. Bloggers and publishers that want to expand their readership and monetize their content are encouraged to apply to join the Tech Confidential Network.


Video

Behind The Money: Hacking education at Union Square Ventures

Union Square Ventures' three partners on the firm's interest in education.
 




Windward Ho!

Startups In New York




Syndicate


Recent Entries
Categories
Monthly Archives
footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg


┬ęCopyright 2009, The Deal, LLC. All rights reserved. Please send all technical questions, comments or concerns to the Webmaster.