SecureKey Technologies, Inc., a Toronto, Canada-based designer of hardware and software solutions that enables cryptographic capabilities of debit, credit and identity smartcards, has received an equity investment of undisclosed amount from Intel Capital.
The company will use the proceeds from the investment to continue to expand.
SecureKey’s solutions enable cryptographic capabilities of debit, credit and identity smartcards including those within Near Field Communication-based phones to be used for online authentication and online purchases.
Commenting on the investment, Greg Wolfond, CEO of SecureKey Technologies, said: “We are thrilled with our association with Intel.
“Intel is the world leader in providing the chips and technologies that power the computing devices we use every day”.