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Hardware - Wednesday, February 20, 2008

Israel's N-trig Lands Dell Deal; Raises $41M

Tel Aviv-based N-trig has raised $28M from Canaan Partners and Evergreen Venture Partners plus an additional $5M in venture debt from Plenus and investors have provided commitments to future investments that take the investment up to $41M.

Moreover, N-trig says its technology is now being deployed by Dell on its Latitude XT Tablet PC. N-Trig has sold tens of thousands of units to Dell to date, and the revenue from the contract had the company to sales of $2M per month at the end of 2007. The company's CEO says that he expects two deals to close in 2009 that will account for a minimum of $20M each. Moreover, he leaves open the idea that N-Trig will see its DuoSense technology installed in Apple iPhones.

The firm's DuoSense multi-touch technology combines pen and zero-pressure touch for mobile and fixed computers into a single device. Its gee-whiz element is that it enables mobile computers to recognize multiple, simultaneous touch points, so you can use more than one finger at once to manipulate images on a computer screen.

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