A Swiss-based start-up has raised $72 million and is planning to launch a high-security smartphone next month that could cost up to $15,000.
Kazakh businessman Kenges Rakishev; Israeli venture capitalist Moshe Hogeg; Tal Cohen, a former McKinsey consultant; and Chinese social media firm RenRen were all investors in the round. Rakishev, Hogeg and Cohen are the founders.
The company, Sirin Labs, is set to launch an Android smartphone in its yet-unopened London store next month with the price tag likely to be in the $10,000-$15,000 range. Hogeg said that the features rather than price were the focus when the company designed the device.
"The first product we are launching is the smartphone which we believe is the most important device, and this phone will be launched at the end of next month and you should expect to see almost in every aspect, very high specs on the product, higher than all of the great mass market phones, combined with software and security features," Hogeg told CNBC in a phone interview on Monday.