‘NSA-Proof’ Phone Maker Raises $50M In Funding

Law360, New York (July 15, 2016, 2:37 PM EDT) -- Silent Circle LLC, maker of the security-minded “Blackphone” smart device that has been called “NSA-proof,” said Friday that it has raised $50 million in its latest funding round, weeks after being slapped with a lawsuit accusing it of skipping out on a $5 million debt.

The Series C funding round was led by Santander Bank, and will be used to expand product development, customer service, business development and marketing activities, as well as to pay down debt, according to a statement from the company.

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