In October, Advasense reportedly saw its venture backers give their stock to employees.

Pixim, a venture capital-backed technology provider for security cameras, has agreed to buy Israel-based mobile chip company Advasense Technologies.

In October, Advasense reportedly saw its venture backers give their stock to employees.

Local news provider Calcalist said the investors "transferred all of their holdings in the company to three employees, for no compensation".

In addition to the employees, the company is also owned by Krauss, a loan fund that invested $1m in Advasense, Calcalist said. Subsequently to the deal,…