Cyanogen raises money for Google-Free Android2015-03-26 10:41 by Daniela
Tags: Cyanogen, Android
The startup Cyanogen wants to "put a bullet through Google's head" by making its own version of Android OS. Now it has the cash to take this serious step.
Cyanogen has succeeded to raise over $80 million for the cause. Among the sponsors are Twitter, Qualcomm, carrier Telefonica and media titan Rupert Murdoch. With the money, the company intends to hire talent and drive the development of its open operating system platform that will feature customization, speed, battery life and security.
"We're committed to creating an open computing platform that fundamentally empowers the entire mobile ecosystem, from developers to hardware makers, and most importantly, consumers around the world," said Kirt McMaster, CEO of Cyanogen. He called his backers an "amazingly diverse group" that's supporting a "truly open Android."
"We invested in Cyanogen because we're big proponents of what they're doing in opening up Android and supporting global and local ecosystem players," said Sandesh Patnam, technology sector lead of Premji Invest. "Cyanogen is well positioned to become the third leading mobile OS, and we're excited to back them in growing their business on a global scale."
The company has already partnered with US-based smartphone vendor Blu Products to release a Google-free Android smartphone. Analysts say each phone could bring Cyanogen a minimum of $10 in revenue and perhaps much more. According to McMaster, the smartphone will be released later this year and many of the details are not clear yet.
Cyanogen is known for both its commercial distribution, Cyanogen OS, and open-source project CyanogenMod, which has more than 50 million users in over 190 countries.
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