Transfire Passes 150,000 Downloads; Gemstone Ventures Leads Investment
Bethesda, Maryland – August 3, 2011 – TNT Creations, an iPhone application developer and creator of Transfire announced this week that it has secured $170,000 in its first-round of equity funding led by Gemstone Ventures. Transfire is a chat application that instantly translates chat messages into over 50 languages.
The first version of Transfire has passed 150,000 downloads from over seventy countries. “We are excited and enthusiastic about the future prospects for chat applications,” said Elik Topolosky, president and co-founder of TNT Creations. “Instant messaging is continuing to grow and we are expanding the boundaries of current chat applications. We have eliminated the language barrier that still restricts instant messaging globally.”
Transfire employs several key technologies to instantly translate text between 52 languages with unprecedented accuracy and quality. These technologies allow for the real-time translation of all incoming and outgoing chat messages. “The perfect chat application will process and understand all communication regardless of language, slang or abbreviation,” said Jonathan Topolosky, TNT Creations president and co-founder. “That is where Transfire is headed.”
“Improvements in chat technology are continuous and significant,” said Elik Topolosky. “We are on the verge of a universal platform where any user can communicate, no matter what program they are using or what language they speak.”
About TNT Creations
Following the successful release of Transfire, brothers Jonathan and Elik Topolosky founded TNT Creations in 2010. TNT specializes in social media and digital sharing applications with global appeal. The Maryland-based development team’s strategy is simple: quality project management and constant innovation.
About Gemstone Ventures
Gemstone Ventures is a Virginia-based venture capital fund. Gemstone focuses on investments in software and mobile technology.
If you would like more information on this topic, or to schedule an interview, please call David Greenberg or Elik Topolosky at (301) 887-3473. Please send relevant emails to [email protected]