Semtek Raises $6.7M in Series B Round

Xconomy San Diego — 

San Diego’s Semtek Innovative Solutions has raised more than $6.7 million in a planned Series B round of $8 million, according to a recent regulatory filing. Semtek, which is commercializing technologies for preventing the theft of credit card data and identifying counterfeit credit cards, said earlier this month that VeriFone Holdings now owns a 19.9 percent stake in the company. Semtek’s founding investors and venture capital investors Venrock and RRE Ventures, which added to their investment in the round, will own the remaining 80.1 percent stake in Semtek.