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April 27, 2006
Digital Pen Firm Taps US VCs
Pegasus Technologies, which develops digital handwriting input solutions, has closed a $4.8 million financing round from US venture capital firm Cedar Fund Cedar Fund and two existing Japanese investors, Nippon Venture Capital and the NFP fund, reports Globes.
It's not a down round, similar valuation to last round, according to the online journal, but the early Israel-based investors did not participate in the latest round. Founded in 1992, Pegasus has raised a total of $14 million.
There are only a handful of companies making a go of the digital pen business. In addition to Pegasus, Sweden's Anoto is doing it, as is Taiwann's UC Logics with its LaPazz products. Each has its own quirks, some requiring special paper, while others require special hardware or communications support.
Read - Graphics co Pegasus raises $4.8m
Posted on April 27, 2006 04:28 PM | Posted to Peripherals | Software | Venture Capital | Permalink
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