Almost a year since it secured its first round of venture capital funding, the data security company nCipher Inc. said it has gotten a second round from investors, including Security Dynamics Technologies Inc. and Hambros Advanced Technology Trust.

nCipher develops cryptographic accelerators that speed the highly complex calculations of data encryption algorithms in on-line commerce. Many experts are hoping that acceleration technology will make Internet transactions easier and more palatable for a mass consumer audience.

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