Cyanogen names Foxconn as latest investor – Mobile World Live

Cyanogen names Foxconn as latest investor

13 MAY 2015

Device platform player Cyanogen said it had received a “strategic investment” from contract manufacturer Foxconn, closing out a $80 million funding round which also saw it taking cash from Twitter, Qualcomm, Telefonica Ventures and Tencent among others.

Kirt McMaster, CEO of Cyanogen, said: “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.”

Cyanogen is working to create a variant of Android that reduces the influence of Google. This is designed to create a more open and level playing field for apps and services which compete with those offered by the search giant.

It has been a big few months for Cyanogen. In addition to its new funding (which takes its total to date to $110 million), it announced a strategic partnership with Microsoft, and an alliance with Qualcomm to integrate Cyanogen OS with Snapdragon processors.

The platform company said it will use its new cash to “accelerate talent hiring and the development of its open OS platform”.

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Steve Costello

Steve works across all of Mobile World Live’s channels and played a lead role in the launch and ongoing success of our apps and devices services. He has been a journalist...More

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