Blockchain Smartphone Developer Sirin Labs Raises $121M USD in ICO

Announcements, Blockchain, ICO News | December 18, 2017 By:

Switzerland-based blockchain firm Sirin Labs, the creator of the $17,000 ultra-secure Solarin smartphone, has so far raised $121 million in an initial coin offering (ICO). The SRN token sale started on December 12 and will run until December 25.

Sirin Labs is developing the first blockchain smartphone and all-in-one personal computer called Finney. Finney devices will run on the company’s Sirin operating system, powered by IOTA’s Tangle technology. The amount raised through the ICO will be used to fund the development of the device.

Sirin Labs said Finney will start at $999, including a 5.2-inch QHD display, 8 GB of RAM, 256 GB of internal storage space, as well as a 16 MP main camera and 12 MP wide-angle selfie camera. The company expects the device to enter the market by the end of year.

Sirin Labs CEO and founder Moshe Hogeg said the company’s mission is to bridge the gap between the mass market and blockchain technology and they believe Finney devices are a big step in the right direction.

“By combining a secure open source OS with an elite user-experience, fee-less token transfers and blockchain enabled Dapps, Finney will speed the mass adoption of the technology,” said Hogeg.

Earlier this month, the company recruited Argentine professional footballer Lionel Messi as its brand ambassador. Messi wrote to his almost 90 million Facebook fans, touting the ICO. “I am usually busy trying to decentralize defenses, and after digging deeper into blockchain and decentralized systems, I’m excited to join Sirin Labs as an ambassador to make blockchain more friendly with their upcoming operating system for smartphones.” The post reportedly got over 200,000 reactions and almost 2000 shares.