GENEVA, Switzerland, December 1, 2011 /PRNewswire via COMTEX/ — WISeKey announced it closed the second of its three-tranche $110 million pre-IPO financing round announced last year (goo.gl/qOPsC). The $35 million second-tranche includes $12 million raised over 15 months from new and current qualified investors. The third and final-tranche will start December 2011, with 12 million shares at an intended price of $6.00 per share. The Company value of $360 million increased from its $200 million valuation set during the April 2010 first-tranche fundraising round.
WISeKey intends the proceeds to advance deployment of its Digital Brand Protection technology WISeAuthentic ( http://www.wiseauthentic.com/ ) and WISeID Personal Data Protector, the mobile app using encryption technology to store private information ( http://www.wiseid.com/ ). WISeID and its website can encrypt messages, allowing privacy over communication services, even Facebook. WISeKey is also responding to demand for WISePhone ( http://www.wisephoneplus.com/ ), which enables smartphones to make encrypted voice calls within closed groups.