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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 |