Semtek Funding Worth $6.7M

San Diego-based Semtek, which develops technology for checking for credit card fraud at retail terminals, has raised $6.7M out of an $8.0M round, according to a filing from the firm earlier this week. Semtek had announced its round last week, saying the Series B funding came from VeriFone, Venrock, and RRE Ventures, but did not disclose any financial details of the funding. Semtek's technology protects the magnetic stripe on payment and credit cards. More information »