Co-founder of Netflix invests in Polish startup
FLICKR / Marit & Toomas Hinnosaar (https://www.flickr.com/photos/hinnosaar/2655128664)
Mitch Lowe, the co-founder of Netflix, longtime CEO of Redbox and Moviepass, has joined UseCrypt. The official merger took place in Monaco, during the Streaming Movies Festival, according to a report by the Warsaw Business Journal.
The cooperation involves a PLN 15 million grant for a project that returns people genuine privacy in the field of telecommunications. The UseCrypt platform is now available on AppStore and Google Play.
UseCrypt is a global, decentralized communication system that connects users without eliminating intermediaries. The originator and founder of the project is Paweł Makowski.
From April 2019, the owner of the company is the American-Israeli Lazar Vision Fund, led by Yuval Rabin.
The system is a package of products that create communication at every level (telephone, e-mail, messages, group meetings, cloud, streaming). The common denominator of each of them is total security of communication. The primary product was UseCrypt Messenger, the first application that encrypts the database in the messenger on the smartphone, preventing the extraction of the content of conversations and call history from the device.
"So far, I have received shares in return for consulting for companies with which I have worked. UseCrypt is the first project in which I have decided to invest a significant amount privately and my personal commitment to make UseCrypt successful, because only thanks to it there is hope to give people back genuine privacy in the area of communication only," Mitch Lowe said.
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