N-trig Secures $24 Million of New Funding to Fuel Hands-on Computingtm Growth in Global PC Market
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Company to Utilize Funds to Further Develop Multi-Touch Technology Following
Investment Procurement
KFAR SABA, Israel & AUSTIN, Texas--(Business Wire)--
N-trig, providers of DuoSense technology, combining pen and capacitive touch in
a single device, announced today that they have completed a fund-raising round
of $24 million from investors, including Aurum Ventures, Challenger Ltd., Canaan
Partners, Evergreen Venture Partners and Microsoft Corp.
With this new round of funding, N-trig plans to continue working with leading
OEMs to create multi-touch notebooks and convertible computers for the
mainstream marketplace. The company`s multi-touch technology will enable OEMs
and ISVs to build new interface standards for both enterprise and consumer
markets.
"With the introduction of multi-touch in Windows 7, integrated with N-trig`s
DuoSense technology, our customers will have a new and natural way to interact
with their PCs," said Ian LeGrow, Group Program Manager for Windows Client at
Microsoft Corp. "By simulating the way people write and touch naturally, N-trig
is helping to make it easier to navigate your PC and enable a new class of
Windows experiences."
N-trig`s touch technology is currently deployed in Dell`s Latitude XT, and was
recently launched on HP`s TouchSmart tx2. The company also plans to announce
more OEM design wins in the coming year, representing industry standardization
of the N-trig hardware in the marketplace and further breaking down the barriers
between the user and their computer.
"We would like to extend our thanks to all our investors for their support,"
said Amichai Ben-David, CEO of N-trig. "We will use this funding to keep fueling
technology innovations in Hands-on computing, providing leading OEM brands with
new product platforms and supporting ISVs to develop new applications.
Additionally, we intend to expand our global supply chain by developing
breakthrough mobile platforms in order to create and penetrate new markets."
N-trig`s DuoSense takes established technology to new levels, enabling a more
intuitive and natural personal computing experience. Using zero-pressure
capacitive touch, DuoSense technology offers cutting edge mobility and
productivity, for software and hardware that is easily integrated, and provides
the user with the ability to use our two most basic input devices - the pen and
our fingers.
About Canaan Partners:
Canaan Partners invests in visionary entrepreneurs and provides them the
networks, insights and operational guidance required to build high-performance
technology and healthcare companies. For over 20 years, Canaan has taken an
active and committed role in the companies in which it invests, and has helped
its portfolio companies complete about 70 mergers and acquisitions and 53 IPO's.
With $3 billion under management and a worldwide footprint, the firm is
committed to catalyzing the growth of innovative companies in the digital media,
communications & mobility, enterprise and clean-tech industries. Among its
successes are DoubleClick, the leading online advertising solution, Match.com,
the most popular online dating site in the world, CommerceOne, the company that
pioneered B2B ecommerce; Capstone Turbine, first to market and world's leading
producer of commercially viable microturbine energy products; and VOIP equipment
supplier Acme Packet, which was one of the top ten performing tech IPOs of 2006.
Canaan has offices in California, Connecticut, India and Israel. For more
information please visit: www.canaan.com.
About Evergreen:
Evergreen Venture Partners was established in 1987 as one of Israel`s first
venture capital firms. Evergreen invests in early-stage Israeli and
Israel-related companies in the following fields: software, Internet & media,
communications and healthcare. Evergreen`s $650 million of venture capital funds
under management represents one of the largest portfolios in Israel with
investments in over 120 technology start-ups. Evergreen has exited successfully
35 portfolio companies through IPOs and acquisitions. Some of these companies
include Traiana, Colbar, Identify, BigBand, P-Cube, Actona, Backweb, Exalink,
Radvision and Radware. Evergreen is currently investing from its fifth
generation fund, Evergreen V, a $200M fund. For more information, please visit
www.evergreen.co.il
About N-trig
N-trig is revolutionizing the way people interact with computers by providing
the industry`s first dual-mode pen and touch input device. N-trig`s DuoSense
technology is the only combined pen, touch, and multi-touch interface for
today`s advanced computing world. N-trig`s DuoSense dual-mode digitizer uses
both pen and zero-pressure capacitive touch to provide a true Hands-on computing
experience for mobile computers and other digital input products over a single
device. DuoSense enables greater mobility and usability in the next generation
of computing devices and notebook PCs, enabling new market opportunities for
OEMs and ODMs to introduce computer products which offer a more intuitive and
interactive experience. N-trig`s digitizers are easily integratable, support any
type of LCD, and keep devices slim and light. N-trig`s technology can be
implemented in a broad range of products from small notebooks to large format
LCDs and can support a variety of applications including mobile, notebooks,
convertible and all-in-one computing, gaming, entertainment, multimedia and
more. Founded in 1999, N-trig is headquartered in Kfar Saba, Israel with offices
in Austin, TX and Taipei, Taiwan. For more information, please visit
www.n-trig.com.
Contact Information:
Europe and Middle East:
N-trig, Ltd., 15 Atir Yeda Street, 2nd Floor, Kfar Saba 44643
Tel. +972-9-799-9600, Fax No. +972-9-799-9666, www.n-trig.com, info@n-trig.com.
North America:
N-trig, Inc., 3409 Executive Center Drive, Suite 216, Austin, Texas 78731
Tel. +1 512-351-8111, www.n-trig.com, info@n-trig.com.
Asia Pacific:
10F-2, #408, Rueiguang Rd., Neihu District, Taipei 114, Taiwan
Tel: + 886 2 2658 1337, Fax. + 886 2 2658 1367, www.n-trig.com, apac_info@n-trig.com
© N-trig Ltd. 2009.All rights reserved
N-trig, N-trig Logo, DuoSense, hands-on and hands-on computing are trademarks or
registered trademarks of N-trig, Ltd. All other trademarks mentioned herein are
believed to be trademarks of their respective owners.
N-trig
Abi Solomon, 972-9-799-9600
abis@n-trig.com
or
PR Agency Contact:
Fusion PR
Talia Andrews, 212-651-4212
talia.andrews@fusionpr.com
Copyright Business Wire 2009
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