Mojix Raises $16 Million

Mojix Inc., a Los Angeles-based developer of digital signal processing products for sensory networks, has raised around $16 million in Series B funding, according to a regulatory filing. Return backers include InnoCal Ventures, Oak Investment Partners and Red rock Ventures. Mojix previously raised $5.5 million over a tranched-out Series A round, with a final post-money valuation of $8.5 million.