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Discretix, a San Mateo company that sells security technology for mobile devices and flash memory, said it has raised $20 million in a third round of funding.

New investor Sequoia Capital joined existing investors, Accel Partners, Pitango Venture Capital, Genesis Partners, SFK, Poalim Ventures and Eurocom Group. Total raised is now $29.8 million.

Discretix’s hardware and software allows digital rights management, secure protocols and other encryption technology for ecommerce.

Here is the company’s statement.

(Story first published 1/9)


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