V-ENABLE Closes $6 Million Round of Funding to Power Market Expansion and Propel New Product Development

SAN DIEGO, Feb. 28 -- V-ENABLE, the worldwide leader in delivering voice and text based multimodal search technology for accessing mobile content and applications, announced today it has closed a $6 million round of funding led by SoftBank Capital and Palisades Ventures.

With more than 75% of mobile handsets compatible with V-ENABLE's voice search technology, V-ENABLE is experiencing significant demand from wireless carriers, application developers and partners seeking to improve the mobile user experience. V-ENABLE will use the funds to accelerate development of its patented veCLIENT(TM) and veGATEWAY(TM) platform and to strengthen its direct sales and marketing initiatives.

"As the amount of mobile content, such as ringtones, music, video and other media continues to grow, V-ENABLE is uniquely positioned to help mobile subscribers search, preview and ultimately purchase content better, easier and faster than ever before," said Craig Cooper, a Partner at SoftBank Capital's Newport Beach, CA office. "We are impressed with V-ENABLE's ability to power the entire mobile eco-system to efficiently maximize revenue and deliver a better customer search experience."

"V-ENABLE's solutions present a significant advantage by powering a natural multimodal (voice and text) search for a variety of ... // 74% Remaining