N-trig raised $24 million from Microsoft and VC funds; Plan to enter the mobile touch screen market

noreply@blogspirit.com (ARPU~UP) — Mon, 12 Jan 2009 17:06:00 +0100

Touch screen technology provider N-trig has raised $24 million from Microsoft and venture capital (VC) funds, including Aurum Ventures, Challenger, Canaan Partners, and Evergreen Venture Partners.

N-trig plans to use this new round of funding to enter the mobile phone touch screen market, and to continue working with leading OEMs to create multi-touch notebooks and convertible computers for the mainstream marketplace. N-trig’s touch technology is currently deployed in Dell’s Latitude XT, and was recently launched on HP’s TouchSmart tx2.

“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. “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.”

“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,” said Amichai Ben-David, CEO of N-trig. “Additionally, we intend to expand our global supply chain by developing breakthrough mobile platforms in order to create and penetrate new markets.”

Founded in 1999, N-trig is headquartered in Kfar Saba, Israel, with offices in Austin, Texas and Taipei, Taiwan. On February 2008, N-trig has completed a fund-raising round of $28 million from Canaan Partners, Evergreen Venture Partners.

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Israel Science Technology - touch-screen-technology

N-trig raised $24 million from Microsoft and VC funds; Plan to enter the mobile touch screen market