Swiss information security and identity management solutions provider, WISeKey, announced today that it has secured $20 million in pre-IPO financing. The investment values the company at $200 million and was led by a group of USA, European and Swiss institutional and private investors.
WISeKey plans to utilize the cash infusion to expand its operations, capitalize on the global demand for its technology and support the growth of WISeKey products.
WISeKey products help supplying businesses, governments, and individuals with technology and services that authenticates the identity of communicators, signatures, and objects during Internet transactions. The products are used to fight against counterfeiting, provide security for identity cards and bankcards, and secure transactions on the Internet and mobile phones.
WISeKey’s expansion plans target BRIC economies as a priority, including Brazil, Russian Federation, India and China and enhancing existing operations in the USA and Middle East.