QSecure Receives $5M Series C Funding
QSecure Inc., a provider of payment card authentication services and software, announced recently that it has raised a third round of preferred stock venture financing after raising $5 million. The Los Altos, Calif.-based company credited existing investors Allegis Capital, Worldview Technology Partners, Societe Generale and UMC Capital with leading the effort. The money, QSecure said, will go toward product development and customer pilot and rollout programs. QSecure added that its outside board of directors remains unchanged. Founded in 2003, QSecure has a device that allows card issuers to protect magnetic-stripe card data without requiring changes to existing card-processing environments.
posted on Thursday, December 20, 2007 (Link to more information)
Related companies:
Qsecure
Related stories:
> QSecure Gets $10M In Series B
> QSecure Raises $5.25M
> QSecure Gathers $10M More
> WhiteSky Lands $7.5M
> Quantenna Receives $15M
silicontap.com Home