Adapx, a Seattle startup that makes software to digitize handwritten notes, has raised $9 million in a second round of venture funding.
The company’s software works with digital pen-and-paper technology from Anoto. As users take notes with the pen, their writing is recorded by a digital camera and is transformed into formats compatible with Microsoft Office, Autodesk (engineering models), and ArcGIS (maps). The company showed off a particularly cool feature at the DEMOfall conference last year, where users can take notes on a paper form and have them transferred to the corresponding boxes in an Excel spreadsheet. But wait a second, who takes handwritten notes anymore? Well, reporters like me, for starters — sometimes it’s not convenient to whip out my laptop, especially when I’m outdoors.
Adapx’s Capturx software (pronounced “adapts” and “captures”) has also been received positively by the US government. It counts NASA among its customers and received a strategic investment from In-Q-Tel, the investment firm founded by the Central Intelligence Agency. Other possible uses include marking up construction diagrams, taking notes while inspecting utilities in the field, annotating maps during a disaster, adding military intelligence to maps, and more. Adapx says it has more than 500 customers in all.
The funding was led by new investor UV Partners, with participation from existing backers OVP Venture Partners and Paladin Capital Group. Adapx has raised $19 million in all. Meanwhile, digital pen maker Livescribe (which focuses on recording audio as you take notes) just announced its $7.5 million second round, bringing its total funding to $48.8 million.