About Semtek
Semtek is a Technology company based in San Diego (United States) founded in 1999, and was acquired by Verifone in September 2010. Semiconductor components for IAM and IoT are supplied to enterprises. Semtek has raised $24.32 million across 2 funding rounds from investors including Verifone, Venrock and RRE Ventures. Its focus areas include Enterprise Infrastructure, Cybersecurity, Data Security and Encryption. Its legal entity is SEMTEK INNOVATIVE SOLUTIONS CORP. Its competitors include Dropbox, PGP Corporation and PKWARE; 2 of its 3 listed competitors have raised funding.
Company details
Semtek was established in 1999 in San Diego, United States, as a semiconductor provider. Components and modules for identity and access management are delivered to retail and financial sectors. IoT systems and cloud connectivity services are extended to industries including wireless communication, industrial automation, and consumer electronics. Operations focus on high-performance solutions for enterprise integration and connectivity needs.
- Headquarters San Diego, United States
- Stage Acquired
- SectorsTechnology
- Website semtek.com
- Social LinkedIn
- Acquired by Verifone (Sep 2010)
- Legal Name Semtek Innovative Solutions Corp
Funding Insights of Semtek
Semtek has successfully raised a total of $24.32M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $6.72 million completed in September 2009. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $24.32M
- Total Rounds 2
- Last Round Series B — $6.72M
- First Round $17.6M
(Oct 2007)
- Investors Count 3
All 2 funding rounds of Semtek with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2009 | $6.72M | Series B | – | – | |
| Oct 2007 | $17.6M | Series A | – | – |
3 investors in total: 3 institutional.
Investors in Semtek
Semtek has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Verifone, Venrock and RRE Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on tech sectors | venrock.com | Palo Alto, United States | ||
VC firm investing in seed and early stage companies in the US | rre.com | New York, United States | ||
Omni-channel payments solutions are provided for businesses worldwide. | 1981 | verifone.com | Alpharetta, United States |
Investor details for Semtek
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Timeline of Semtek
4 dated milestones of Semtek across 11 years, from founding to its latest funding, stage changes and deals.
- Founded Semtek is founded.
- Funding First funding round of $17.6M.
- Funding Latest funding round, Series B, of $6.7M.
- Exit Acquired by Verifone.
Competitors of Semtek
Semtek has 3 listed competitors in our database, 2 of them funded. They include Dropbox, PGP Corporation and PKWARE.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| dropbox.com | 2007 | San Francisco, United States | $607.2M | 2,316 | Cloud-based file sharing and collaboration tools are offered for enterprises. | |
| pgp.com | 1996 | Menlo Park, United States | $27.53M | Email and data encryption software is provided for enterprise protection. | ||
| pkware.com | 1986 | Milwaukee, United States | 120 | Cross-platform encryption, key management, and compression software is developed. |
Detailed competitors of Semtek
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Top companies in Cybersecurity & Data Protection
3 companies that operate in the same segment as Semtek (Cybersecurity & Data Protection) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud based website security solutions | 2009 | San Francisco, California, United States | USD 332.1 M | USD 1.67 B | 7,330 | |
Cybersecurity and zero trust solutions are delivered for secure networks. | 2007 | San Jose, California, United States | USD 148 M | USD 3.35 B | 9,616 | |
Cloud-based identity management solutions are provided for enterprises. | 2002 | Denver, Colorado, United States | USD 136.89 M | USD 36.94 M | 821 |
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Related news about Semtek
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Frequently Asked Questions about Semtek
Semtek was founded in 1999 and raised its 1st funding round 8 years after it was founded.
Semtek is headquartered in San Diego, United States. It is registered at San Diego, California, United States.
Semtek is a funded company, having raised a total of $24.32M across 2 funding rounds to date. The company's 1st funding round was a Series A of $17.6M, raised on Oct 2007.
Semtek was established in 1999 in San Diego, United States, as a semiconductor provider. Components and modules for identity and access management are delivered to retail and financial sectors. IoT systems and cloud connectivity services are extended to industries including wireless communication, industrial automation, and consumer electronics. Operations focus on high-performance solutions for enterprise integration and connectivity needs.
Semtek's top competitors include Dropbox, PKWARE and PGP Corporation.
Semtek has 3 investors. Key investors include Verifone, Venrock, and RRE Ventures.
Semtek operates through Semtek Innovative Solutions Corp.
Yes. Semtek was acquired by Verifone in September 2010.