What Company Is Offering:
QSecure is the platform company whose SmartStripe electronic powered credit cards prevent the use of stolen card data without changing retail systems or card holder behavior. QSecure's patented, magnetic media chip and authentication solutions are designed to allow card issuers to deliver solutions to protect card data without requiring changes to the card processing environment.QSecure's initial solution is based on a proprietary chip that is embedded in the magnetic stripe and creates a unique number on the magnetic stripe each time the card is used. The unique number for each transaction is authenticated by the card issuer in real time using QSecure's patented authentication technology.
How Much They Got From VCs:
QSecure, Inc. an innovator in payment card authentication solutions announced that it has closed a Series C Preferred Stock financing round totaling $5 million.
Who Is Backing Them:
Backed by established venture investors and strategic partners, the company has completed Series A and Series B financings, raising in excess of $17 million.
About VCs:
1.Allegis Capital focuses on investments in early stage information technology companies in California. Allegis has raised $500 million in capital and is a leader in working with major corporations to create strategic advantage for its investors and portfolio companies.
www.allegiscapital.com
2.Worldview Technology Partners is a leading venture capital firm focused on investing in and building leading U.S. technology companies. Its comprehensive, industry-leading business development services help portfolio companies succeed in U.S. and international markets.
With a 12-year track record of successful technology investing and more than $1.3 billion under management, the Worldview team has both the experience and the resources to invest in a broad range of information technology markets, including communications, semiconductors, digital media, enterprise infrastructure and software. www.worldview.com
3.UMC Capital is the corporate venture arm of UMC, a leading semiconductor foundry based in Taiwan. UMC Capital invests in innovative technology companies worldwide. UMC was founded in 1980 as Taiwan's first semiconductor company and is listed on NYSE under UMC, and on the Taiwan Stock Exchange under 2303. www.umc.com.
4.Société Générale is one of the largest financial services groups in the euro-zone.
www.socgen.com
More at:http://www.qsecure.com/
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