Cyanogen has closed out their C round of investments with a strategic investment from Foxconn.
The team at Cyanogen has ended another round of investments, this time with Foxconn pitching in as well. To date the company has raised $100 million in funding, while pushing forward to break Android away from Google. Foxconn is a leader in contract manufacturing for smartphones for many popular brands, and they hope that the investment will help Cyanogen's commercial adoption and growth in new areas.
In March, Cyanogen announced they had received funding from a variety of other companies, like Twitter, Qualcomm, Telefónica, and others.
Cyanogen Receives Strategic Investment from Foxconn
Leading Consumer Electronics Manufacturer Invests in Cyanogen's Open OS Vision
PALO ALTO, CA--(Marketwired - May 12, 2015) - Cyanogen Inc. announced the strategic investment from Foxconn and closed out its series C round of funding. With offices in Palo Alto and Seattle, Cyanogen is leveraging the investment to accelerate talent hiring and the development of its open OS platform. The platform will create a more open, level playing field for 3rd party developers, enabling seamlessly integrated experiences within the operating system.
Foxconn is the leader of contract manufacturing and FIH Mobile is the leading end-to-end provider for world's best known handset brands. Along with Cyanogen's other investors, the strategic investment from Foxconn will help advance Cyanogen's commercial adoption and growth in major markets around the world.
"We're evolving Android and creating an open computing platform that will change the way consumers interact with their mobile devices," said Kirt McMaster, CEO of Cyanogen Inc. "Foxconn and our diverse group of strategic investors and partners reflect the mobile value chain, from device manufacturers and mobile network operators to chipset makers and 3rd party developers. They see the great potential of what we're doing in creating the next major paradigm shift in mobile computing."
To date, Cyanogen has raised a total $110 million in funding. As the third leading mobile operating system, Cyanogen is known for its commercial operating system, Cyanogen OS, and open source community distribution CyanogenMod that the company backs.