N-Trig Ltd., an Israeli technology company founded in 1999 with offices in Tel Aviv, Texas and Taiwan, has raised a whopping $41 million “including $28 million from Canaan Partners, Evergreen Venture Partners, and current investors, a $5 million credit line from Plenus Venture Lending Fund, and the rest in future commitments by investors” according to Globes.

According to its recent press release:

“N-trig’s technology is now being deployed by Dell Computer, with its recent launch of its Latitude XT Tablet PC. Other major brands are expected to announce new products, which raises the bar on the next generation of notebook PCs and other mobile devices currently in development.

N-trig is the creator of the only pen and touch/multitouch solution for today’s computing world. N-trig provides a true hands-on computing^TM experience, providing leading OEM brands with new product platforms that help innovate, differentiate, and deliver new user experiences.”

Amihai Ben-David, CEO of N-trig:
“We at N-trig are pleased to add two leading VC funds such as Canaan and Evergreen to the N-trig family. Our global expansion, working with supply chain partners in Asia, and developing new, breakthrough mobile computing platforms will enable us to create and penetrate new markets. Our vision is to leverage our ground breaking technology and introduce new products that are pen and touch input enabled. Imagine the new opportunities for our ODM/OEM partners producing hand-helds, notebooks, gaming devices, and large format platforms all based on N-trig hands-on^TM technology.”

Izhar Shay, Venture Partner with Canaan Partners:

“We are very excited to become an investor at N-trig. We believe that the company’s innovative pen and touch technologies position it as a market leader in this fast growing space, and we are happy to see the traction that N-trig is gaining with major computer brands.”

Boaz Dinte, Managing Partner at Evergreen Venture Partners:

“The computing user interface is on the verge of a major shift: after using a mouse and a keyboard for many years, the market is seeking an enhanced user experience. We believe that N-Trig’s DuoSense will lead this revolution, positioning it as the premier technology in both tablet PCs and mobile devices.”

For more info check out the full press release.

ClearForest has developed text analysis solutions for business intelligence applications.

Globes and Haaretz reported that Reuters Group has acquired Israeli text analysis technology developer ClearForest Ltd. for about $25 million. The companies announced the deal today, before trading began on Nasdaq.

ClearForest was founded in 1998 by chairman and chief scientist Dr. Ronen Feldman and CTO Dr Yonatan Aumann . Aumann is the son of Nobel Prize for Economics Laureate Prof. Israel Aumann.

ClearForest, developed technology to analyse, read and understand large amounts of content originating from diverse documents. Reuters is one of the clients for its technology, which tags content by the principles of artificial intelligence. Other prominent clients include: DowJones, Boing and the FBI.

ClearForest has 31 employees and led by Barak Pridor. Headquartered in Boston, the company has a development center in Or Yehuda, Israel. Under the acquisition agreement, the company will operate under Reuters Search and Strategy Division, headed by Gary Campbell.

Its Israeli shareholders include Greylock Partners, Pitango Venture Capital, Walden Israel, Plenus, and Kadima Hi-tech. Foreign investors include ABS Ventures, Booz Allen Hamilton, Dow Venture Capital, HarbourVest and JPMorgan.

Source: Globes