Updated
Pixim, a Mountain View, Calif. company that builds chips for videos cameras that improve color, and reduce blooming and smear in bad lighting conditions, has added more money to its second round of financing.
In-Q-Tel, the venture arm of the U.S. intelligence agencies, participated in the latest financing, the company said in a statement.
Tallwood Venture Capital, Ridgewood Capital and Mayfield Fund have also contributed to this extension of the company's second round, an extension totaling $15.3 million. We actually reported this in March. However, In-Q-Tel was not listed at the time.
According to the statement:
"In-Q-Tel invested in Pixim because it offers government and commercial users a new capability to significantly enhance critical decision making," said Troy M. Pearsall, Executive Vice President of Technology Transfer at In-Q-Tel. "Pixim's technology provides clear, crisp images with unmatched wide dynamic range that enables cameras to capture all the activity in a scene, even under extremely challenging lighting conditions where other technologies would fail. In-Q-Tel is pleased to be partnering with Pixim and we are impressed with their significant developments in digital imaging technology."
...Pixim chipsets are incorporated into the world's leading surveillance cameras, with dozens of manufacturers incorporating Pixim's chipsets in more than 100 security camera models shipping into over 50 countries around the world.