Intel Capital, the corporate venturing unit of US-listed chip maker Intel, has invested in a $22m Series E round for Validity Sensors, a manufacturer of fingerprint sensors.
The round also saw involvement from World Fair and DDS. This latest stage of financing follows an initial closing in October which was led by TeleSoft Partners and included full participation from Qualcomm Ventures, the corporate venturing division of US-based semiconductor company Qualcomm, VentureTech Alliance, the venture capital arm of TSMC, Panorama Capital and Crosslink Capital.
Dave Flanagan, managing director at Intel Capital, said: “Validity’s technology addresses an important need to make computing devices and the transactions completed on them more secure while actually increasing ease of use for the end user, this investment reflects our commitment to collaborate with the fingerprint sensor market leader to create differentiated products for mobile and computing platforms.
Since being founded in 2000, Validity has raised a total of $82.6m in funding which includes $10m from a series C round in March 2009 and $12.6m in a Seres D round in 2010.