WISeKey said today it has raised $20 million in funding at a $200 million valuation from a group of undisclosed investors.
The Geneva, Switzerland-based company plans to expand its information security and identity management software in Brazil, Russia, India and China. WISeKey also said that it plans to go public and will file to do so as soon as the stock market is more stable. That very fact suggests a new confidence in the stock market, which has seen a few tech IPOs so far this year — more than in the past two years combined.
WISeKey was started in 1999 by Carlos Moreira, who is chief executive. He is a former United Nations security expert, and he built WISeKey to make encryption technology to fight against counterfeiting and to provide security for secure digital transactions. The company said the investors are in the U.S. and Europe.