UPEK, fingerprint-authentication company, files to go public
UPEK, an Emeryville, Calif. company that provides security software for fingerprint authentication, has filed for an initial public offering to raise up to $86.25 million.
Here are other thumbnail details.
Venture investors include Sofinnova Ventures (holding 17.6 percent of the company), Sofinnova Partners (the French side of Sofinnova, also holding 17.6 percent of the firm), Diamondhead Ventures (16.6 percent), Earlybird Verwaltung GmbH (12.4 percent), Partners Group (10.4 percent) and EDBV Management (5.9 percent).
See entire filing here.
The company had a net loss of $20.7 million in 2006.
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About the Author, Matt Marshall
Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.
