Pixim Raises $15M in Additional Venture Funding
March 07, 2007
From: SOCcentral
Pixim,
Inc. today announced a $15 million investment from Tallwood Venture
Capital, Ridgewood Capital, Mayfield Fund, and other investors. The
funding will be used to accelerate new product development and for
general working capital purposes to meet the strong growth arising from
demand for Pixim chipsets.
"Pixim's technology is broadly recognized within the surveillance
industry for its exceptional image quality," said Ron Yara, General
Partner, Tallwood Venture Capital. "We are excited about the prospects
for the company, and look forward to its continuing growth, new product
innovation, and expansion into additional market segments."
Pixim is rapidly expanding its customer base and driving up production
volumes. In the last year alone, Pixim's client base expanded over
100%. Pixim chipsets are incorporated into the world's leading
surveillance cameras, with dozens of manufacturers incorporating
Pixim's chipsets in more than 100 security cameras shipping into over
50 countries around the world.
Industry analysts estimate that imaging-related semiconductor content
in the security, machine vision, and automotive market segments will
surpass $1B by 2010.
