Stretch raises $15 million for surveillance camera chips
Stretch, provider of fabless semiconductor components, has raised $15 million to continue making chips for surveillance cameras. The Sunnyvale, Calif.-based company plans to use the funding to expand its customer base around the world. It currently makes three different types of processors to support digital video in the latest security cameras.
The company’s processors run alongside image sensors (which capture pictures) made by Pixim, another chip company that has had success raising money as it targets… Continue Reading
Pixim raises funds for high-quality surveillance camera chips
When you have a lot of customer traction, it isn’t hard to raise more money. Pixim, whose chips are used in hundreds of models of security cameras, has proven that by raising $13 million in a new round of funding from existing investors.
That means the company has raised over $100 million since its launch in 1999. Backers for the maker of image sensors and processors include Mayfield Fund, Ridgewood Capital and Tallwood Venture Capital. The… Continue Reading
Chip designer Stretch rides security concerns to new funding
The security sector has been hot since 9/11. It’s sexy enough so that companies in the normally out-of-favor chip sector can get funding – as long as they are focused on making security chips.
Sunnyvale-based Stretch is announcing today that it has taken a tranche of $15 million from its second round of venture capital from Worldview Technology Partners, Oak Investment Partners, and Menlo Ventures. That brings the total raised since 2002 to $100 million.
Craig Lytle,… Continue Reading