NEWS 

February 21 2008
N-trig Raises a Record Amount of $28 Million in Venture Capital Financing

N-trig, the provider of DuoSense™ technology combining pen and zero-pressure touch for mobile computers into a single device, announced recently that the company has completed a fund-raising round of $28 million from Canaan Partners, Evergreen Venture Partners and current investors. This is the largest amount invested in a start-up company in Israel since the beginning of the year.

In addition to the investment round, N-trig has recently secured a credit facility of $5 million from Plenus, a leading Venture Lending Fund in Israel.

N-trig’s technology is now being deployed by Dell Computer, with its recent launch of its Latitude XT Tablet PC. Other major brands are expected to announce new products, which raises the bar on the next generation of notebook PCs and other mobile devices currently in development.

“The computing user interface is on the verge of a major shift: after using a mouse and a keyboard for many years, the market is seeking an enhanced user experience,” said Boaz Dinte, Managing Partner at Evergreen Venture Partners. “We believe that N-trig’s DuoSense will lead this revolution, positioning it as the premier technology in both tablet PCs and mobile devices.”

 “We are very excited to become an investor at N-trig" stated Izhar Shay,” Venture Partner with Canaan Partners. “We believe that the company's innovative pen and touch technologies position it as a market leader in this fast growing space, and we are happy to see the traction that N-trig is gaining with major computer brands.”

N-trig is the creator of the only pen and touch/multi-touch solution for today’s computing world. N-trig provides a true hands-on computing TM experience, providing leading OEM brands with new product platforms that help innovate, differentiate, and deliver new user experiences.

 “We at N-trig are pleased to add two leading VC funds such as Canaan and Evergreen to the N-trig family,” said Amihai Ben-David, CEO of N-trig. “Our global expansion, working with supply chain partners in Asia, and developing new, breakthrough mobile computing platforms will enable us to create and penetrate new markets. Our vision is to leverage our ground breaking technology and introduce new products that are pen and touch input enabled. Imagine the new opportunities for our ODM/OEM partners producing hand-held, notebooks, gaming devices, and large format platforms all based on N-trig hands-on TM technology.”

Founded in 1999, N-trig is headquartered in Tel-Aviv, Israel, with offices in Austin, Texas and Taipei, Taiwan. N-trig is backed by prominent and seasoned international investors. N-trig develops, commercializes, manufactures, and markets natural input digitizer solutions that enable more effective human-machine communication – empowering creativity, enhancing productivity, and lowering barriers to adoption of emerging personal computing technology.

For more information, please visit www.n-trig.com

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