Israeli Startup N-Trig which produces digital pens and chips for touchscreens, has announced that it will not be pursuing an IPO ion the Tel Aviv Stock Exchange after all, according to a report in the Hebrew business journal Globes. But it has, however, raised $4.4 million in new capital from its existing investors.
The company had hoped to achieve a valuation of as much as $75 million, but apparently since it failed to do so scuttled its IPO plans.
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Leveraging its DuoSense® integrated pen and touch technology, N-trig provides high performance controllers and a variety of active pen types for touch-enabled smartphone, tablet and Ultrabook™ devices.
N-trig’s active pen solutions are designed to provide a natural pen-on-paper feel while enhancing the overall creativity and productivity of touch-enabled devices. Advanced pressure sensitivity enables a natural pen writing appearance in digital input. The company boasts that the N-trig’s controllers bring a superior palm rejection feature that ensures no unintended touch events occur when using the active pen for writing on a screen – providing the write experience.
N-trig states that its technology is the industry’s only combined active pen and touch solution available today. The company’s solutions support the latest Windows and Android operating systems. Using the N-trig’s chipset enables OEMs to develop slim pen and touch-enabled mobile devices using only a single sensor.