Maryland-based mobile device encryption firm Silent Circle has secured $30 million in its latest round of financing from investor Ross Perot Jr. and private investment firm Cain Capital, the Washington Post reported Thursday.
Amrita Jayakumar writes that Silent Circle will use the cash to expand operations and further develop products designed for secure communications.
Silent Circle and Spanish company Geeksphone have developed Blackphone and aim to sell more than 3 million units during the next 12 months, according to Jayakumar’s article.
Mike Janke, CEO of Silent Circle, was quoted as saying the company is scheduled to launch a video conferencing platform this summer and an “end-to-end” email encryption service next year.
The Post reports that the company plans to move its global headquarters to Switzerland from its current location in the Caribbean.