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Validity Sensors Raises $16M

Phoenix, Arizona-based Validity Sensors has raised $16M in venture funding, however is now moving to Foster City as a result of the venture round. The firm said it has raised $16M in funding from TeleSoft Partners. Arjun Gupta, managing partner of TeleSoft will become the company's interim CEO. Validity Sensors is developing fingerprint sensor technology. More information »