Silent Circle raises $50 Million in Series C Funding

Founded in Le Grand-Saconnex in the Canton of Geneva, Silent Circle specialises in enterprise privacy through the delivery of devices (such as the Blackphone handset), software and services, which through their Enterprise Privacy Platform (EPP) facilitate secure mobile communications in the mobile ecosystem. 

"We all run our work and personal lives from our mobile devices," said Antony Barker, a Managing Director with Santander Bank. "That makes secure mobile communications an absolute must-have for a rapidly expanding number of companies, governments and individuals."

Silent Circle has successfully closed series C financing round with a sum of $50 million – following the previous two venture financing rounds with $30 million in 2014 and $50 million 2015. This year financing round was led by Santander Bank. "This announcement is a key milestone as we continue to set the bar for what's required in secure mobile communications," said Silent Circle Co-founder and Chairman Mike Janke. "Our growth in new customers, coupled with expanding engagements with our existing enterprise and government clients, underscores the pressing need for our Enterprise Privacy Platform and the business-critical value proposition it embodies," he adds.

Cybersecurity investor Bob Ackerman, who joined the Silent Circle board as part of the recent investment round, noted the company's emergence as an industry leader: "Silent Circle is the thought leader in the space – delivering field-proven technology, products and services that are secure, cost-effective, quick to deploy and easy to manage. I'm excited to be part of this team."

"Ensuring privacy in an increasingly mobile world is something every organization is wrestling with. That's why our solution is built from the ground up for the mobile world. We'll use our new funding to bring even more first-to-market capabilities that deliver convenient and compliant enterprise communications with uncompromising security standards." said Silent Circle Interim CEO and General Counsel Matt Neiderman. Matt Neiderman was appointed Interim CEO after the resignation of CEO and President Bill Conner to ensure a smooth transition.

"Silent Circle's customers value the flexibility we offer in our platform," Neiderman continued. "Our software can reside on existing iOS or Android devices, or our Blackphone handset, and benefits from our zero-touch, organization-wide management capabilities. This allows enterprises and government agencies to provision users, enable single sign-on (SSO) and integrate our products into their existing infrastructures quickly and cost effectively. By doing so, we're enabling organizations to address their enterprise privacy requirements in an increasingly BYOD world."

(Picture: Silent Cirlce Facebook)

(RAN)