Pixim attracts $13M from Mayfield Fund, other existing investors
December 17, 2008
From: The Deal
As the economy takes its toll on limited partners and the venture
capital firms they invest in, we expect to see more startups turn to
existing investors for follow-on rounds rather than attracting new
backers. That is the case with Pixim Inc., a leading provider of image
sensors and processors for enterprise security cameras founded in 1999.
Pixim is announcing Wednesday that it has closed $13 million in venture capital funding from existing investors Mayfield Fund, Ridgewood Capital and Tallwood Venture Capital.
"In this current economic climate, announcing any kind of new venture
capital funding represents a noteworthy event," say Pixim CEO Chris
Adams. "This tangible vote of confidence from our existing investors
can be attributed to Pixim's continued growth and success, even within
an overall down market, and with widespread recognition of the
advantages that Pixim's Digital Pixel System technology offers for
video security." - Mary Kathleen Flynn
