OpenPeak Raises $52 Million From Intel Capital And Others For iPad Rival

Leena Rao

Leena Rao is currently a Senior Editor for TechCrunch. She recently finished graduate school at the Medill School of Journalism at Northwestern University, where she studied business journalism and videography. From 2004 to 2007, she helped lead Congresswoman Carloyn Maloney’s community outreach and relations efforts in New York City. She graduated from Columbia University in 2003, where she was... → Learn More

Monday, June 7th, 2010

OpenPeak, a company that develops multimedia touch-screen devices and device management platforms, has secured an additional $52 million of financing from Intel Capital, Horizon Technology Finance and Velocity Financial Group.

The company recently announced the OpenTablet 7, a portable, touch-screen device that is similar in many ways to Apple’s iPad. The investment from Intel isn’t surprising considering that OpenPeak’s device is based on Intel’s Moorestown platform. The tablet also includes thousands of apps for its platform and and the app ecosystem is completely Flash-based (as opposed to the iPad, which doesn’t support Flash).

OpenPeak says the funding will be used to expand product development and enter new markets. The company also develops a multi-media phones, set-top box, and home energy management applications.

Company: OpenPeak
Website: openpeak.com
Launch Date: 2002
Funding: $52M

OpenPeak is a leading mobility technology provider. OpenPeak designs end-to-end managed systems and solutions that enable Enterprises, SMBs, and Education, Healthcare and service providers to provision and manage their customer’s mobile devices and applications remotely. OpenPeak’s Advanced Device and Application Management (ADAM™) mobility management suite is comprised of three core components: SANCTION™, SECTOR™, and OPENSHOP™. Each component can be deployed individually to complement pre-existing device and network management configurations, or together as a complete end-to-end Device, Application, and Profile...

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