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Mobile Security Company Gets $12 Million from Alibaba Group

V-Key, a security software maker for mobile apps, has raised $12 million from Alibaba Groupaffiliate Ant Financial Services and IPV Capital, a venture capital firm based in China. The Series B round means that Ant Financial now has a minority stake in V-Key, which is based in Redwood City, California. V-Key’s V-OS technology is supposed to provide a user-friendly way to protect data including identity verification and e-commerce transactions. The company, which also has offices in Singapore, says that V-OS is already deployed on “millions” of devices throughout the world.”

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