Sirin Labs, a Swiss-Israeli developer of an open source blockchain smartphone, recently closed its ICO, at $157.8m.
The company will use the funds to increase production and invest in sales and marketing.
Led by Moshe Hogeg, Founder & Co-CEO, and Kenges Rakishev, Chairman, Sirin Labs is advancing FINNEY™, a smart device (PC and smartphone) which aims to create an independent blockchain network using a distributed ledger consensus mechanism. This enables fast payments between the network peers without the need for mining (fee-less).
The FINNEY™ devices will feature a cold storage crypto wallet compatible with the most common cryptocurrencies.
FinSMEs
14/01/2018
We are excited to announce that at the close of our crowdsale, we have raised over 157 million dollars in contributions. This is a huge step towards mass-adoption of blockchain technology. #ethereum #tokensale #cryptocurrency #smartphone #ICO pic.twitter.com/ccdfkm4RUP
— SIRIN LABS (@SIRINLABS) 26 dicembre 2017