Adapx captures $3 million in VC financing
The digital note-taking company also names retired Army general to its board.
Seattle Times business reporter
Adapx, a digital note-taking company, has raised $3 million in venture capital.
The company, which has 48 employees at its Seattle headquarters, has accumulated $32 million since its inception in 1999.
Adapx's flagship product is the Capturx line, which includes software and such hardware as an electronic pen and pad. The tools allow field workers to quickly communicate their notes electronically to company offices.
Adapx originated as a defense contractor, but has since expanded to the private sector. Adapx customers include firms with large mobile workforces, such as Carnival Cruise Lines.
In addition to the new financing, Adapx also announced Monday that retired Army Gen. Peter W. Chiarelli to its board. This University of Washington alum says Capturx helps injured soldiers in combat.
"[It] will revolutionize systems for mission planning, simulation, logistics and health care — speeding up operations and digitally capturing critical medical information in combat environments," Chiarelli said in a statement.
CEO Ken Schneider says Adapx is "very close to profitablity."
In the first three months of 2012, there were 26 venture-capital deals in Washington State worth $167 million, according to the quarterly MoneyTree report from PricewaterhouseCoopers and the National Venture Capital Association.
Karl Baker: 206-464-2046 or email@example.com