In-Q-Tel invests in surveillance camera specialist
Surveillance camera technology is a big market, and the investment arm of the U.S. intelligence community wants to be involved
Surveillance is big business, and it is growing. Mountain View, California-abased Pixim, developer of a propietary Digital Pixel System (DPS) technology and other technologies used in security cameras, this week completed its Series B-1 financing, originally announced on 7 March 2007, with participation by In-Q-Tel, the VC firm sponsored by the Central Intelligence Agency (CIA) and others in the U.S. Intelligence Community. Along with In-Q-Tel, Tallwood Venture Capital, Ridgewood Capital, and Mayfield Fund have contributed to Pixim’s Series B-1 investment round.
Troy Pearsall, executive vice president of Technology Transfer at In-Q-Tel, said that “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 surveillance cameras, and the company says that at last count its chips can be found in more than 100 security camera models currently on the market.
