SOURCE: Pixim, Inc.

March 07, 2007 09:40 ET

Pixim Raises $15M in Additional Venture Funding

Tallwood Venture Capital, Ridgewood Capital, and Mayfield Fund Invest in Pixim's Market Expansion and New Product Development

MOUNTAIN VIEW, CA -- (MARKET WIRE) -- March 7, 2007 -- Pixim, Incorporated, known for its award-winning, patented Digital Pixel System® (DPS) technology and for setting the industry standard for wide dynamic range image capture in the security camera market, 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.

"Pixim's new investors share our vision of becoming one of the dominant imaging players worldwide by further capitalizing on the company's successful product and market momentum," said Joe Montalbo, President and CEO of Pixim. "Imaging is a powerful sensing technology that is still in its nascent stages and is poised for several decades of strong growth."

Industry analysts estimate that imaging-related semiconductor content in the security, machine vision, and automotive market segments will surpass $1B by 2010.

Pixim's Orca chipset is the industry standard for wide dynamic range, ensuring accurate video capture, excellent color rendition, and minimal blooming and smear in challenging lighting conditions, such as glare, direct sunlight, reflections, and strong backlight, 24/7.

Customers shipping Pixim chipsets in their security camera products include: Baxall, CIEFFE, Dallmeier, EverFocus, Tyco Fire & Security, GE Security, General Solutions, Honeywell, Ikegami, JVC, Pelco, Siemens, Sunell, Speco Technologies, D-Max, GSP, Verint, Cohu Electronics, ChipER, deView, Eagle Technology, ioimage, FSAN, Lumenera, Pacific Communications, Nuvation, One Security, VTC, Videor Technical, Smartvue, DVTel, Mosaic, Intellicam Digital Security, LJD Digital Security, and Electronics Line USA.

About Pixim:

Pixim, Inc. has developed imaging technology and products that revolutionize the way video cameras capture and process images. Pixim's patented Digital Pixel System® (DPS) silicon and software technology produces superior pictures under a wide variety of lighting conditions. For more information or to purchase Pixim's products, visit our website: or call Pixim's headquarters in Mountain View, CA, (650) 605-1107.

Pixim® and Digital Pixel System® are registered trademarks of Pixim, Inc.

Product or service names mentioned herein are the trademarks of their respective owners.

Contact Information

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    Gloria Reiss
    for Pixim, Inc.
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