N-trig Raises $28M
N-trig, the provider of DuoSense™ technology combining pen and zero-pressure touch for mobile computers into a single device, announced today that they have completed a fund-raising round of $28 million from Canaan Partners, Evergreen Venture Partners and current investors. 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. The company has its headquarters in Israel with U.S. headquarters in Austin, Texas.
N-trig’s technology is now being deployed by Dell Computer, with its recent launch of its convertible, the 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.
“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.”
You can find a brief 2-minute video about the DuoSense technology here.
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