Switzerland-based Sirin Labs announced today that its initial coin offering has raised $157.8 million, the fourth-largest such offering in a year that has been defined by an explosion in blockchain-driven crowdfunding.

Unlike current models of smart devices that lack proper security features, the FINNEY family of devices offers users increased protection from cybercrime and hacks. Utilizing the core technology of SOLARIN, Sirin’s premier ultra-secure mobile phone, the company has created the only smartphone in the world that’s fully secure and safe enough to hold cryptographic coins.

The FINNEY line of devices is the first of its kind specifically designed for the needs of the blockchain generation and crypto community. The devices combine the ultra-secure nature of the blockchain, with the functionality and essentials of Android™ OS. Users will be able to manage their crypto assets safely from their smart devices, without worrying about security risks. The new devices will maintain the sleek, hallmark design of SIRIN LABS’ SOLARIN, but at the fraction of the cost, and in an ultra-compact form factor.

“We are both humbled and thrilled by the support that FINNEY™ has received during the course of our crowdsale,” said Moshe Hogeg, Founder and Co-CEO of SIRIN LABS, “Becoming the 4th largest crowdsale of the year shows both the need in the market, and usefulness of having devices that can support and secure cryptocurrencies. It really is the first step in bringing blockchain technology to a more mainstream audience.”

Sirin first made a splash with its $14,000 Solarin phone. But the Finney phone will cost under $1,000, while the PC costs about $799. Preorders of the new devices are scheduled to start today at 3 p.m. GMT., though the company has not announced a firm timeline for availability.

In its mission statement, Sirin says it hopes the products will be a bridge between the accelerating blockchain economy and mass market users by simplifying the use of crypto services and making them more accessible.

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