Semtek Innovative Solutions

Semtek Innovative Technologies Corporation has been a leader in card data capture and magnetics technology since 1999, serving public and private sector customers who require highly secure OEM components for their fixed-base and wireless devices. Specializing in small form-factor data capture devices in magnetic stripe, smart-card, RFID, and biometrics, Semtek has begun to play a key role in providing technologies to the card payments space that resolve that sector’s security vulnerabilities.

Semtek’s Data Capture business is a market leader in enabling wireless and handheld devices to accept card data (e.g. credit/debit cards and secure identification cards). We provide card reader components and interfaces that enable a wide variety of handheld devices and cell phones to effectively function as highly secure credit/debit card and data collection terminals. Semtek also provides hardware into non-wireless devices including POS systems and stand-alone terminals.


Date Type Amount Investors Valuation
10/31/07 Series A Unknown RRE Ventures and Venrock, VeriFone Holdings Unknown


Michael Struttman (VP & Director, Global Business Development)

Nashina Asaria (Vice President & Director, Program Management)

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