Adapx, whose Capturx software for digital pens is used by the military and corporations such as Carnival and Microsoft, has raised an additional $3 million in funding from existing investors OVP Venture Partners, Paladin and Pelion Ventures. The financing follows a $5 million round that the company closed last May, and brings total funding to $27 million.
Ted Gauld, vice president of marketing at Adapx, said the company continues to add customers in the defense and oil & gas sectors. As of last May, more than 800 customers had signed on for the service.
The (Department of Defense) is including our Capturx software in more programs to speed up intelligence gathering and collaboration in command and control systems,” said Gauld. “With Capturx, soldiers can quickly share observations by simply writing on paper maps or pointing and speaking into digital maps on handheld devices.”
It’s especially making inroads in the defense sector. That’s because the technology enables intelligence, surveillance and reconnaissance teams to input data into digital mapping systems by sketching on paper, touchscreen devices, or by speaking as they sketch on wall displays.
The company, with 52 employees, is led by former Microsoft manager Ken Schneider.