Enterprise IT Startup Pixel Velocity Raises $5 Million

According to a recent SEC filing, Pixel Velocity raised $5 million in financing from an undisclosed investor.

Pixel Velocity, founded in 2001, is a center for image processing research and the development of advanced sensor technology. The company’s technology grew out the Environmental Research Institute of Michigan, which developed advanced image processing hardware and software solutions for the Department of Defense’s imaging needs, including UAV navigation, automatic target recognition, reconnaissance, and surveillance. Pixel Velocity has developed an open architecture video surveillance product that easily layers-in advanced imaging hardware and software developments.