The company has raised $17 million to date, and will begin marketing its products this Christmas.
Digital positioning solutions start-up Epos Technologies Ltd. has raised $10.5 million in a financing round led by Intel Capital and Walden Israel. Jerusalem Venture Partners (JVP), which invested in the company’s previous round, also participated.
According to IVC Online, Epos has raised $17 million to date in two financing rounds and in seed financing from private investors and Tel-Ad Electronics Ltd.. Epos was founded in 2002 by Ran Raif, VP R&D Nathan Altman, and president Oded Eliashiv. The company develops digitized acoustic signals for positioning. The company’s technology targets the consumer electronics market. Products that can benefit from the company’s positioning technology include wireless digital pen and mouse peripherals, digital pen and USB flash drive bundles and notebook touch-screens.
The company said its business partners have plans to bring EPOS-enabled products to the marketplace as early as Christmas 2006.
Epos CEO is Oded Turbahn, and the company has 22 employees at its Hod Hasharon offices.
Published by Globes [online], Israel business news - www.globes.co.il - on November 14, 2006
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