PE Tech Report

NEWSLETTER

Like this article?

Sign up to our free newsletter

Computer pen developer secures USD10m from venture capital backers

Livescribe, a developer of a mobile computing platform within a pen, has secured USD10.17m in additional financing through an internal round led by Lionhart Investments and Vantage Poin

Livescribe, a developer of a mobile computing platform within a pen, has secured USD10.17m in additional financing through an internal round led by Lionhart Investments and Vantage Point Venture Partners.
 
‘Despite a difficult economic and funding environment, we’re pleased to have such strong backing from the investment community,’ says Livescribe founder and chief executive Jim Marggraff.

‘Already a ‘must-have’ product for thousands of students, doctors, lawyers, consultants, sales people, journalists, managers, engineers, and teachers, we are actively expanding the Livescribe platform in 2009, most notably with the launch of our application store in the second half of this year.’

Since introducing the Livescribe Pulse smartpen last year, Livescribe has secured several product wins, including a Popular Science ‘Best of What’s New’ award, a Popular Mechanics ‘Breakthrough’ award and a Macworld 2009 ‘Best of Show’ award.

The Pulse smartpen fully supports both Windows and Mac customers with the upcoming release of Livescribe Desktop for Mac 1.0 on Feb. 17.

In addition, Livescribe’s first third-party application for the Pulse smartpen, MyScript for Livescribe by Vision Objects, converts legible handwriting to text, ideal for business professionals and college students.

During 2009, Livescribe will expand into international markets and open its application store, unleashing a variety of new applications for users. Already, over 2,900 developers have registered to develop applications leveraging Livescribe’s java-based platform environment.
 
The Pulse smartpen is a mobile computing platform within a pen that captures handwriting and simultaneously records audio and synchronizes it to the writing. Users tap their notes on paper to replay what was recorded at the exact moment at which they were writing.

With pre-printed controls at the bottom of the dot paper notebooks, users can fast forward, rewind, jump ahead, pause or even speed up or slow down the audio recordings to easily access information. All of this information, including the audio, may then be uploaded into computers to save, search for keywords or share with friends, colleagues and classmates.

Like this article? Sign up to our free newsletter

MOST POPULAR

FURTHER READING

Featured