Company Overview
Snapshot
Founded in November 2013 by Moshe Hogeg, SIRIN LABS operates with 11–50 employees. The company has raised $97 million across two funding rounds, with investors including Singulariteam and Kenges Rakishev. In December 2017, SIRIN LABS concluded one of the largest ICOs in history to accelerate the development of its FINNEY blockchain phones and PCs.
Business overview
SIRIN LABS develops open-source consumer electronics, focusing on bridging the blockchain economy with the mass market through secure and user-friendly devices. The company's core product is FINNEY, an advanced, ultra-secure blockchain smartphone featuring an embedded cold storage crypto wallet, running on SIRIN OS, a Google-certified Android modification. SIRIN LABS serves the consumer electronics market, particularly those interested in blockchain technology and cryptocurrency, operating within the Industrial Technologies sector with a focus on microelectronics and photonics solutions, DLT & Blockchain, and communications.
Strategic signal
In April 2019, SIRIN LABS laid off 25% of its workforce, signaling a significant operational restructuring. This move suggests a strategic re-evaluation or adjustment in response to market conditions or internal performance, indicating a period of consolidation for the company.
Log in to access full profile ›Company Intelligence Q&A
- What is SIRIN LABS' primary product?
- SIRIN LABS' primary product is FINNEY, an ultra-secure blockchain smartphone with an embedded cold storage crypto wallet, designed to bridge the gap between the blockchain economy and the mass market.
- When was SIRIN LABS founded?
- SIRIN LABS was founded in November 2013.
- What was a significant financial event for SIRIN LABS in 2017?
- In December 2017, SIRIN LABS raised $157.8 million in an Initial Coin Offering (ICO) to accelerate the development of its Finney blockchain phones and PCs.
- What strategic partnership did SIRIN LABS announce in February 2019?
- In February 2019, Sirin Labs partnered with Simplex to enable fiat-to-crypto conversion directly on its FINNEY blockchain phone.
- What was a notable operational change for SIRIN LABS in April 2019?
- In April 2019, SIRIN LABS laid off 25% of its workforce.