BlackPhone Maker Rakes in Its Target $50 Million in Funding

Silent Circle now owns the encrypted Android-based handset, BlackPhone, thanks to its crowdfunding success that brought the company the means to own the brand.

While details regarding the deal with Spanish smartphone manufacturer Geeksphone were not disclosed, Silent Circle announced on Thursday that is raised $50 million and plans on revealing an encrypted “enterprise privacy ecosystem” at World Mobile Congress next week, while also hinting at a BlackPhone tablet which should be in the works.

“Silent Circle has brought tremendous disruption to the mobile industry and created an integrated suite of secure enterprise communication products that are challenging the status quo,” Mike Janke, cofounder and chairman of the Silent Circle board, said in a statement. “This first stage of growth has enabled us to raise approximately $50M to accelerate our continued rapid expansion and fuel our second stage of growth.”

The BlackPhone has been adopted as a new means of secure mobile communications as highlighted per Edward Snowden’s disclosure that the governments may have breached encryption protocols, especially on Gemalto’s SIM cards.

Thank you Arstechnica for providing us with this information