SIRIN LABS News
18 articles
Moshe Hogeg founding cyber co with former police chief
Israeli blockchain company Sirin Labs is expanding its activity to cybersecurity by founding a subsidiary called Sirin Cyber. The subsidiary will focus on cybersecurity for governments and enterprises. Sirin Cyber is being founded in partnership with former Israel Police senior commanders David Cohen and Roni Ritman, who will be managing partners. The new company will provide services and solutions for customers in Israel and abroad. Sirin Labs will continue to provide mobile services and is expected to launch a new telephone device for enterprises. Sirin Labs previously raised $255 million in financing rounds and an ICO. The value of its digital currency, SRN, has significantly decreased since the ICO.
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Hogeg's blockchain co in talks on cybersecurity co merger
Israeli blockchain company Sirin Labs is in advanced talks for a merger with an Israeli cybersecurity startup. The merger will enable Sirin Labs to expand its range of products to software. Sirin Labs gained attention in 2017 for its successful ICO and launched the Finney smartphone in 2018. However, like many other blockchain companies, Sirin Labs has experienced reduced activity and staff cuts. The companys cryptocurrency has also seen a significant decline in value. Despite these challenges, if the merger goes through, Sirin Labs expects to increase its staff. The merger talks are in an advanced stage and are expected to be finalized within a few weeks.
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Sirin Labs lays off 25% of workforce
Sirin Labs, the blockchain smartphone company, has reported lower-than-expected sales of its smartphone. The company has recently laid off 15 of its 60 employees. Sirin Labs denies reports of unpaid wages and plans to focus on software development and distribution. The company raised $158 million in an ICO in 2017 and has raised a total of $255 million since its founding. The value of its digital currency, SRN, has dropped 99% since its peak in January 2018. Sirin Labs is facing multiple lawsuits, including one for at least $50 million in California.
Layoffs
Sirin Labs, MyEtherWallet Team Up for Finney Phone Integration
Sirin Labs, the developer of the Finney blockchain phone, has partnered with MyEtherWallet. The partnership will see the ethereum wallet-generating service integrated into the Finneys built-in cold wallet. MyEtherWallet users will also be able to purchase the Finney phone through the wallet services web and app platforms. The partnership is expected to increase market share for both companies and make it easier for Finney users to access ether and control their private keys. The Finney phone focuses on secure storage of cryptocurrencies and runs on a modified version of Android, called SirinOS, designed with blockchain functionality in mind.
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Sirin Labs partners with Simplex to allow fiat-to-crypto conversion on FINNEY
Sirin Labs has partnered with Simplex to allow FINNEY smartphone users to buy crypto assets using fiat currencies directly from their phones. Simplex will provide a safe escrow service for fiat-to-crypto conversion requests. This partnership is seen as a major milestone in the global acceptance and use of cryptocurrencies.
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SIRIN LABS selects KoolSpan to secure communication for FINNEY blockchain phone
SIRIN LABS has announced a partnership with KoolSpan to provide secure communications for its blockchain smartphone, FINNEY. The partnership aims to protect FINNEY users from cyber threats and ensure the privacy and security of their phone calls and messages. TrustCall by KoolSpan offers end-to-end encryption for phone calls and messages, allowing users to make secure calls with high-definition audio. FINNEY users will have free access to the TrustCall Global Service until March 31st, 2019. The partnership is seen as an important step towards global adoption of FINNEY as the worlds first and most secure blockchain smartphone.
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Inside Sirin Labs' first blockchain smartphone retail store
Sirin Labs, a blockchain smartphone company, has opened its first retail store in London to sell its Finney smartphone. The store will also serve as a hub for crypto enthusiasts. Sirin Labs raised over $150 million through an initial coin offering (ICO) to bring the Finney smartphone to market. The smartphone, priced at $999, features a built-in cold storage cryptocurrency wallet for secure transactions. Sirin Labs is also focusing on its own app store for decentralized apps (dApps) and is in discussions to license its Sirin OS to other handset makers. The decision to open the retail store in London was influenced by the citys crypto community and its position as a technology hub.
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SIRIN LABS reopens London flagship store for FINNEY blockchain smartphone
SIRIN LABS has reopened its flagship store in London, rebranded as FINNEY, to sell blockchain smartphones. The store will also serve as a community center and meetup for the crypto community. FINNEY, priced at $999, offers a secure blockchain smartphone with a multi-layered cybersecurity suite and an embedded cold storage crypto wallet. SIRIN LABS plans to open a second flagship store in Tokyo. The company aims to bridge the gap between mass market adoption and the blockchain economy. The London store is the first location for FINNEY to go on sale, and SIRIN LABS expects great adoption within the crypto community.
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SIRIN LABS Partners with Crypto Payment Gateway Coingate upon FINNEY's arrival
SIRIN LABS and CoinGate have partnered to promote adoption and implementation of cryptocurrency payments. This partnership aims to expand the SRN ecosystem and bring additional utility for the SRN token. Consumers will have the option to use their token for payment not only in the SIRIN LABS store but in additional 4,000 merchants globally who are currently using CoinGate. The partnership is expected to make crypto accessible for all. SIRIN LABS is also set to open flagship stores in London and Tokyo, which will integrate CoinGates payment solution.
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Sirin Labs may abandon blockchain phone and sell the software
Sirin Labs, the startup founded by Moshe Hogeg, is considering shifting its focus from producing phones to providing software to other phone manufacturers. The company raised $158 million in an ICO in December 2017 and has raised a total of $255 million. However, due to the decline in the price of Ethererum, the company may only have enough funds to operate for 6-12 more months. Sirin Labs has developed its Sirin OS telephone operating system and has already spoken with a major phone manufacturer about using the software. The company clarified that it still has orders for 100,000 devices and selling software is part of their vision. The article also mentions the troubles of Hogegs other startup, invest.com.
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https://www.cryptoninjas.net/2018/11/19/sirin-labs-to-open-finney-blockchain-phone-concept-store-in-dubai/
SIRIN LABS to open Ukraine concept store in March for FINNEY blockchain phone
SIRIN LABS has entered into a significant partnership with LLC Legio to bring the FINNEY blockchain smartphone to Ukraine. The company aims to sell 30K FINNEY devices in the country in 2019 and plans to open a concept store in March. The Ukrainian market has a population of 43 million, and the authorities are working on cryptocurrency regulations. SIRIN LABS had a successful token sale last year, raising $157.8 million, and has partnered with Foxconn for the design of the FINNEY smartphone. The official launch of the phone will take place on November 29th in Barcelona, with football star Lionel Messi as the brand ambassador.
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Hogeg's Sirin Labs unveils $999 blockchain phone
Israeli company Sirin Labs has launched the worlds first blockchain phone called FINNEY. The phone offers users a mobile blockchain experience, complete with an embedded cold storage crypto wallet. Sirin Labs raised nearly $158 million in an ICO to develop and manufacture the phone. Presale orders can be made on Sirin Labs website and FINNEY will also be available on Amazon Launchpad. The company is hoping for more success with FINNEY than its previous high-secure smartphone, Solarin.
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Sirin Labs Reveals Specs for Blockchain-Based Phone Finney
Israel-based Sirin Labs has unveiled the specs for its blockchain-based smartphone, Finney, which is planned to be released in November with a $1,000 price tag. The company raised $157.8 million in an initial coin offering to finance the development of the device. The phone will include a cold storage crypto wallet and a decentralized app store, and will be powered by Qualcomm Snapdragon 845 mobile platform. Sirin Labs stated that 100,000 phones will be available for purchase in November, with a 10% discount for customers buying the phone with the Sirin token.
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Sirin Labs raises $157.8 million in ICO for its Finney blockchain phones and PCs
Switzerland-based Sirin Labs has raised $157.8 million in its initial coin offering, making it the fourth-largest such offering in a year. Sirin Labs is developing its Finney line of blockchain smartphones and personal computers that have blockchain technology baked in to provide greater security and protection against cybercrime and hacks. The Finney phone will cost under $1,000, while the PC costs about $799. The company aims to bridge the gap between the blockchain economy and mass market users by simplifying the use of crypto services and making them more accessible.
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Finance Magnates
SIRIN LABS has signed Lionel Messi as its brand ambassador to raise awareness of Blockchain technology. The company aims to target Messis fan base to promote its line of blockchain-based products and services. The deals cost has not been disclosed, but SIRIN LABS wants a long-term partnership with the footballer. Messi expressed his excitement to make blockchain more accessible through SIRIN LABS upcoming operating system for smartphones. SIRIN LABS previously released its crowdsale event to support the development of FINNEY, an open-source, secure smartphone and all-in-one PC that runs on a fee-less blockchain. The FINNEY devices will use SIRIN LABS operating system and the SRN token as the default currency.
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Sirin Labs unveils NIS 54,000 smartphone
Sirin Labs has unveiled its NIS 54,000 military-grade security smartphone called SOLARIN. The company closed a $72 million seed round, with Hogegs Singulariteam as the only named investor. SOLARIN incorporates advanced privacy technology and state-of-the-art mobile threat protection. It is designed to provide customers with greater confidence and reassurance in handling business-critical information. The smartphone also features exceptional audio and vision capabilities and a unique design by Karim Rashid. The company spent over two years on research and development in Sweden and Tel Aviv to achieve fast, seamless connectivity across any continent.
Investment
Sirin Labs blasts into the secure smartphone space with a $72 million seed round
Sirin Labs, a high-end smartphone manufacturer, has raised a $72 million seed round to launch a new secure smartphone. The phone aims to combine the safety of a military-grade device with the features of an everyday phone. The company plans to reveal the phone in May at its flagship store in London. The phone is expected to have a high price point, around $10-15k per phone. Sirin Labs is entering a fairly wide-open market, as most secure phone manufacturers are focused on the enterprise space. The company is betting on Swedish engineering and Israeli security expertise to dominate the secure phone market. The investors in Sirin Labs include Moshe Hogeg, Kenges Rakishev, and Renren.
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