Cyanogen raises $80 million from PremjiInvest and other investors Azim Premji’s PremjiInvest led a Series C funding round of $80 million in Android OS maker Cyanogen, reported ET Tech. Twitter Ventures, Qualcomm, Telefonica Ventures, Rupert Murdoch and Andreessen Horowitz were among some of the other investors who participated in this round along with existing investors. The funding will go towards hiring and development of Cyanogen’s open OS platform. Cyanogen’s total investment comes to $110 million with this round. Started as a project called CyanogenMod, the company signed a deal with Qualcomm earlier this month to develop software features for Qualcomm Reference Design based products. Also read: Why Micromax ditched Android One for Cyanogen **** Accel Partners raises $305 million for fund VC firm Accel Partners has raised $305 million for its new fund Accel India IV, reports VCCircle. Accel will continue to focus on seed and early stage venture funding with a possibility of pursuing growth equity deals like it’s previous growth equity investment in BookMyShow. The firm will focus on consumer, enterprise software, healthcare and mobile businesses. Accel Partners had previously raised a $155 million (USD) in November 2011 through Accel India III and $60 million in 2008 through Accel India Venture Fund II. **** Harness Handitouch raises undisclosed Series A funding Education technology startup Harness Handitouch has raised an undisclosed amount of Series A funding from Luxembourg based Armat Group with the angel investors exiting profitably post the funding, reports VCCircle. The funds will go towards product development,…
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Vaishnaw said that in the next five years, there will be significant disruptions in the way telecom technology operates.
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