Sirin Labs raises $157.8 million in ICO for its Finney blockchain phones and PCs
Switzerland-based Sirin Labs announced today that its initial coin offering has raised $157.8 million, the 4th largest such offering in a year that has been defined by an explosion in this blockchain-driven crowdfunding.
Sirin’s Finney lineup of devices includes a smartphone and personal computer that have blockchain technology baked in to provide what it promises is greater security and protection against cybercrime and hacks. Indeed, the company’s mobile phone will come preloaded with mobile Ethereum client Status, making it the first phone secure enough to hold cryptographic coins.
“We are both humbled and thrilled by the support that Finney has received during the course of our crowdsale,” said Moshe Hogeg, founder and co-CEO of Sirin, in a statement. “Becoming the 4th largest crowdsale of the year shows both the need in the market, and usefulness of having devices that can support and secure cryptocurrencies. It really is the first step in bringing blockchain technology to a more mainstream audience.”
Sirin first made a splash with its $14,000 Solarin phone. But the Finney phone will cost under $1,000 while the PC costs about $799. Pre-orders of the news devices are scheduled to start today at 3 p.m. GMT., though the company has not announced a firm timeline for availability.
In its mission statement, the company says it hopes the products will be a bridge between the accelerating blockchain economy and mass market users by simplifying use of crypto services and making them more accessible.