SIRIN LABS

Open-source Consumer Electronics

Industrial Technologies
Private

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 from four investors. 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 advanced, ultra-secure blockchain smartphones, including the FINNEY, which features an embedded cold storage crypto wallet. The company aims to bridge the gap between the blockchain economy and the mass market by addressing security and user experience challenges. Its core technology, SIRIN OS, is a Google-certified modification of Android. SIRIN LABS serves the consumer electronics market, focusing on mobile devices and telecommunication, with strategic partnerships including Cardano and Foxconn International Holdings.

Strategic signal

In April 2019, SIRIN LABS laid off 25% of its workforce, signaling a significant operational restructuring. This move indicates a strategic re-evaluation of its business model and resource allocation, potentially shifting focus or streamlining operations in response to market conditions or internal performance. For investors, this suggests a period of adaptation and a need to monitor the company's revised strategic direction.

Company Intelligence Q&A

What is SIRIN LABS' primary product?
SIRIN LABS' primary product is FINNEY, an advanced, 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 significant funding event did SIRIN LABS undertake in December 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.
Which companies has SIRIN LABS partnered with?
SIRIN LABS has strategic partnerships with industry leaders such as Cardano and Foxconn International Holdings (FIH), as well as Amazon and Amazon Launchpad.
What was a notable operational change for SIRIN LABS in April 2019?
In April 2019, SIRIN LABS laid off 25% of its workforce, indicating a significant operational restructuring.

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