Adapx Scores $3 Million in New Funding
Data capture and collaboration company Adapx has secured $3 million in additional funding to accelerate development of new software solutions and entry into new markets.
Adapx Capturx Software speeds data capture and collaboration by turning natural speech, sketch, and handwriting into actionable data in Microsoft Office, SharePoint, CRM, ERP, GIS, C2, C4ISR systems and other back-end systems. Soldiers using Capturx Speech & Sketch can enter data into mission command systems by speaking and sketching plans on touch screens, handhelds, and wall displays.
All of the existing Adapx venture capital investors—OVP Venture Partners, Paladin Capital Group, Pelion Ventures, and Northwest Tech Ventures—participated in the new funding round, which brings total funding to approximately $32 million.
The company also appointed to its board of directors U.S. Army Gen. Peter Chiarelli, recently retired as the army's 32nd vice chief of staff and an expert in modernizing mission command systems. "Rapid change in technology is creating new opportunities for war fighters and civilian teams to improve how they plan, collaborate, and track operations in the field," Chiarelli said in a statement. "The data capture and user interface solutions from Adapx will revolutionize systems for mission planning, simulation, logistics, and healthcare, speeding up operations and digitally capturing critical medical information in combat environments."