World's most secure phone on sale for just $20,000

By on
World's most secure phone on sale for just $20,000

A British-Israeli start-up plans to sell a mobile phone from next month that will offer users unprecedented levels of technology and security – and retail for close to US$20,000.

Sirin Labs said on Monday it had raised US$72 million in private funds to launch the device, which would be aimed at executives. It plans to open its first store, in London's Mayfair, in May.

"(Our) smartphone... brings the most advanced technology available – even if it is not commercially available – and combining it with almost military-grade security," said Sirin co-founder and president Moshe Hogeg.

The phone will be based on the Android operating system and run otherwise unspecified technology two to three years in advance of the mass market, he said.

Hogeg told Reuters the phone would sell for less than US$20,000.

He believes thousands of executives in the United States and Europe will pay that sort of price, since the cost of being hacked could be more expensive in terms of information lost.

Hogeg put the value of the global luxury phone market at about US$1.1 billion, a fraction of total mobile phone sales. Most top end phones sold are more for status – regular phones with gold and diamonds.

Britain's Vertu sells phones in that category from US$10,000-$300,000, while Apple's iPhone 5 Black Diamond sold for US$15.3 million.

Sirin's financing came from Israeli venture capital fund Singulariteam, which Hogeg co-founded and included backing from Kazakh investor Kenges Rakishev, and Chinese social networking company Renren.

The idea for the start-up came about after Rakishev's phone was hacked in 2013. He asked Hogeg why he couldn't find a mobile phone that would ensure privacy and why new technology seen in tech shows and publications was not available in consumer devices.

"There were no good solutions that combined high-end technologies with maximum security," Hogeg said.

Editing by John Stonestreet

Got a news tip for our journalists? Share it with us anonymously here.
Tags:

Most Read Articles

You must be a registered member of CRN to post a comment.
| Register

Poll

How do you feel about Telstra's new services play?
Telstra has become a direct threat - we'll only work with other carriers
We can live with this - we'll still use Telstra networks
This is an opportunity for us - customers liked working with Telstra's sub-brands
This changes nothing - Telstra was always a competitor
View poll archive

Log In

Username / Email:
Password:
  |  Forgot your password?