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February 20, 2008
N-trig Secures VC Investment Round of $28 Million
By Anil SharmaN-trig, the provider of DuoSense technology combining pen and zero-pressure touch for mobile computers into a single device, has completed a fund-raising round of $28 million from Canaan Partners, Evergreen Venture Partners and current investors.
N-trig has also recently secured a credit facility of $5 million from Plenus, a leading Venture Lending Fund in Israel.
“We are very excited to become an investor at N-trig," Izhar Shay, Venture Partner with Canaan Partners stated in a statement. “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 the provider of DuoSense digitizer technology combining pen and zero-pressure touch for mobile computers into a single device enables OEMs and ODMs to provide innovative new technology for the next generation of mobility by making notebook PCs more mobile, productive, user-friendly, natural, and intuitive to use.
DuoSense is easily integratable and supports any type of LCD, giving OEMs and ODMs more flexibility.
Founded in 1999, N-trig’s manufacturing capabilities are in place for volume production with certified suppliers and quality control standards to meet the needs of its customers.
In addition, DuoSense drives a new level of mobile productivity and is enabling new market opportunities in gaming and multimedia.
As a technology leader in the exploding market for touch enabled devices, N-trig is backed by prominent international investors and has a highly experienced management team with a proven track record. N-trig maintains its global headquarters in Kfar Saba, Israel and has a regional presence with offices in Austin, TX and Taipei, Taiwan.
“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 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-helds, notebooks, gaming devices, and large format platforms all based on N-trig hands-on technology.”
Canaan Partners invests in visionary entrepreneurs and provides them the networks, insights and operational guidance required to build high-performance technology and healthcare companies.
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 110 technology start-ups.
Anil Sharma is a TMCnet Contributing Editor.
N-trig has also recently secured a credit facility of $5 million from Plenus, a leading Venture Lending Fund in Israel.
“We are very excited to become an investor at N-trig," Izhar Shay, Venture Partner with Canaan Partners stated in a statement. “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 the provider of DuoSense digitizer technology combining pen and zero-pressure touch for mobile computers into a single device enables OEMs and ODMs to provide innovative new technology for the next generation of mobility by making notebook PCs more mobile, productive, user-friendly, natural, and intuitive to use.
DuoSense is easily integratable and supports any type of LCD, giving OEMs and ODMs more flexibility.
Founded in 1999, N-trig’s manufacturing capabilities are in place for volume production with certified suppliers and quality control standards to meet the needs of its customers.
In addition, DuoSense drives a new level of mobile productivity and is enabling new market opportunities in gaming and multimedia.
As a technology leader in the exploding market for touch enabled devices, N-trig is backed by prominent international investors and has a highly experienced management team with a proven track record. N-trig maintains its global headquarters in Kfar Saba, Israel and has a regional presence with offices in Austin, TX and Taipei, Taiwan.
“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 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-helds, notebooks, gaming devices, and large format platforms all based on N-trig hands-on technology.”
Canaan Partners invests in visionary entrepreneurs and provides them the networks, insights and operational guidance required to build high-performance technology and healthcare companies.
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 110 technology start-ups.
Anil Sharma is a TMCnet Contributing Editor.
