Pixim Raises $13M

Venture Beat: Despite the investment freeze talk, Pixim raises $13M from Mayfield Fund, Ridgewood Capital and Tallwood Venture Capital. The company will use the money to accelerate its expansion in overseas markets, fuel new product development, and expand its marketing and sales programs. China is about 15% of its business, but Korea and Taiwan are also big markets, as are the U.S. and Europe.

Customers include the biggest makers of security cameras: GE Security, Honeywell, JVC, Pelco, Dallmeier, and Siemens. Pixim has now raised $106.7M, including the latest round.