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Tech Industry

Pixim snaps up $22 million

Pixim announced Thursday that it raised $22 million in a fourth round of funding, led by China Development Industrial Bank. New investor Newbury Ventures contributed to the latest round, along with previous investors Mohr Davidow Ventures, Mayfield, Synopsys and VentureTech Alliance.

The Mountain View, Calif.-based company has raised a total of $58.9 million to date. Pixim develops imaging software tools and chipsets for use in digital cameras.