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Adapx Accepts $10 Million Venture Funding

Thursday, December 06, 2007 5:25:00 AM PDT | VentureDeal Staff

SEATTLE, WA -- Information technology company Adapx Inc. has received $10 million in new venture capital investment and hired a new CEO, local technology veteran Ken Schneider.

Adapx has developed digital transcription technology that enables field personnel to hand write as they normally do, while the system translates their writing into digital text.

OVP Venture Partners and Paladin Capital Group invested in the round.  The company did not disclosed how the proceeds from the funding would be used.

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