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

    Monday, June 7th, 2010

    Leena Rao currently works as a writer 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

    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.

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