Stretch raises ten million to expand production of surveillance camera chips

Stretch Inc. announced that it has received $10 million in additional mezzanine funding. The company makes software configurable processors for security cameras, and according to the press release, their customers include Skyvision, EverFocus, Lanner, Advantech, Euresys, Matrox, Provideo, and UDP Technologies. An article in Venture Beat has attributed the growth of this market to the increasing spending of stimulus money to improve surveillance infrastructure.