QSecure, a Los Altos start-up developing credit card authentication technology, has raised $10M in a second round of funding. UMC Capital led the round, which included existing backers Allegis Capital and Worldview Technology Partners.
Frank Lee from UMC joins the Board of Directors.
The proceeds from the financing will be used to complete development of QSecure’s patented credit card security and authentication solutions and support initial customer pilot and rollout programs, the company said.
UMC Capital is the corporate venture arm of UMC, a semiconductor foundry.
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