Adapx Rasies $9 Million in Second Round Funding

Apr 14, 2009


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Adapx, which makes software that digitizes handwritten notes, has raised $9 million in a second round of funding led by new investor UV Partners. Existing investors OVP Venture Partners and Paladin Capital Group also participated in the round. To date, Adapx has raised $19 million in funding. Adapx flagship offering is a digital pen and paper tool that allows markups created by hand on paper to be captured electronically—something AEC professionals working in the field will appreciate. The Seattle firm’s Capturx technology came out of the military, where it enabled soldiers to update maps under combat conditions. Capturx technology allows it to integrate directly to AutoCAD, Revit, and other Autodesk files through the DWF format. The technology enables DWF files to be printed by most printers on standard paper of any size with a digital watermark. The field-ready digital pen writes with standard ink and records and saves data.

(www.adapx.com)