SAN JOSE, Calif. -- OpenPeak Inc. (Boca Raton, Fla.), a provider of multimedia touch-screen devices, has secured an additional $52 million of financing from existing investors and Intel Capital.
Debt financing from Horizon Technology Finance and Velocity Financial Group and a distribution finance and working capital line from GE Capital’s Commercial Distribution Finance unit completed the funding.
“This funding will provide the resources necessary to expand both our products and our markets as we continue to evolve our technology and services to meet the growing demand for our touch-screen multimedia devices and device management platform,” said Dan Gittleman, CEO of OpenPeak, in a statement.
The company’s recently-announced OpenTablet 7 is a portable, touch-screen device that combines telephony with multimedia communications services. The OpenTablet 7 is based on the Intel Atom processor-based platform.
The device features a high-resolution 7-inch multi-touch TFT LCD screen with LED backlighting, 802.11b/g/n Wi-Fi, Bluetooth 2.1 and cellular connectivity, HDMI output and dual cameras for capturing both high-definition video and still images, as well as built-in speakers and microphone.