Adapx Inks $5M in Fresh Capital
Seattle-based Adapx has closed on $5 million in new funding from Kirkland, Wash.-based OVP Venture Partners, Washington D.C.-based Paladin Capital Group, and Salt Lake City-based Pelion Venture Partners. The company’s Capturx software is designed to instantly capture data from paper with digital pens. In addition to expanding the Capturx product line, Adapx will use the new funds to expand the Capturx multimodal product line used by the military. That technology is designed to help the military input data into digital mapping and other intelligence systems by simply sketching on paper, touchscreen devices, or by speaking as they sketch on wall displays, the company said.
23 May 2011•3 mins read
