Y Media Raises $7.5 Million to Speed Production

Y Media Corp., a Laguna Hills digital imaging sensor company, said Tuesday that it has raised $7.5 million in financing from its first sale of debt securities.

The company said in a press release that Enterprise Partners and venture groups TechFund Capital and Chase Capital Partners bought the securities.

Y Media said the financing will be used to speed up efforts to enter mass production and to develop additional intellectual property.