Sirin Labs, a tech startup working to build an open source blockchain smartphone, has raised over $157 million in its initial coin offering (ICO), marking the fourth largest crowdsale in history.
The amount raised through the token sale would be used to fund the development FINNEY devices – the cyber-protected, blockchain-enabled mobile phone and PC. In its official release, SIRIN LABS said that it has created the only smartphone in the world that’s fully secure and safe 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 LABS, “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.”
The company said that the FINNEY devices are specifically designed for the needs of the blockchain and crypto community. They combine blockchain’s security with the functionality and essentials of Android OS. These devices would help users manage their crypto assets safely, without worrying about security risks.
