Adapx Raises $9 Million In Series B Funding For Digital Pen Technology

Funding Rounds

▤ Summary

Digital pen and software manufacturer Adapx closed $9 million in Series B financing led by UV Partners, with existing investors OVP Venture Partners and Paladin Capital Group participating. Paladin and OVP Venture Partners led Adapx’s Series A funding round in 2007, which totaled $10 million. Adapx allows mobile teams to collect data in the field via digital pens and its Capturx software. The company says that more than 500 organizations are using its technology including the cruise line Holland America, the Port of Seattle, and NASA. This allows mobile workers to share real-time field data and collaborate from the road.

$ Funding

$
Amount $9.0M Total raised
□
Date April 12, 2009 Announcement date
◎
Investors Ozie Group LLC, OVP Venture Partners, Paladin Capital Group, Pelion Venture Partners Lead investors
▥
Company http://www.adapx.com Funded company

▥ Classifications

industries
No industries detected
applications
Data Management

◇ AskAI Classifications

Labels
Software Development SaaS Field Data Collection Software

▦ Linked Companies