The Bloomberg material on how the cryptocurrency market crash affected startups, notes that Sirin Labs intends to abandon the development of hardware solutions and focus on software for smartphones.
“Sirin Labs, for example, raised $ 158 million last year to create a smartphone that allows you to use and trade in cryptocurrency. The company, which in December will deliver the first batch of several thousand phones, is currently considering the issue of completely abandoning hardware and reorienting software supplies for other smartphone makers , ”said Bloomberg, quoting the words of CEO and co-founder of start-up, Moshe Hogeg.
The head of Sirin Labs also stressed that the company has funds for 6-12 months of operating activity.
“Ambitious” startup plans could not leave indifferent representatives of the crypto community. Thus, The Block analyst Larry Zermak thought about how much Sirin Labs spent money on a partnership with Lionel Messi and the purchase of Lamborghini.
Sirin Labs raised $ 158 million in an ICO last year. Today their CEO said that they had enough funds for 6-12 months and that they were pivoting from smarphones to software. How much did they spend for a partnership with Lionel Messi? How much on lambos? Crazy pic.twitter.com/oxGAXAkhXy
– Larry Cermak (@lawmaster) 8 breasts 2018 р.
Recall the cryptosmartphone Finney Israeli startup Sirin Labs presented in early autumn.
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