Semtek Round Details

Semtek Innovative Solutions Corp., a San Diego-based provider of a point-of-sale device hardware component that eliminates the need for payment card data to be used or stored within merchant's payment systems, has raised $17.59 million in Series A funding, according to a regulatory filing. The round had been previously announced, but the dollar around was undisclosed. RRE Ventures and Venrock co-led the deal, and were joined by VeriFone Holdings Inc. www.semtek.com