Custom Android OS maker Cyanogen has raised an undisclosed amount of strategic investment from electronics manufacturer Foxconn. Cyanogen will use the funding to add employees to its team and accelerate software development of the open OS platform.
The company states that it will create a more open and level playing field for 3rd party developers in order to ensure seamless integrations within the OS. It adds that Foxconn’s strategic investment will help in the commercial adoption of Cyanogen and they will work on creating an open computing platform, too. This closes the Series C funding for Cyanogen.
Less than two months ago, Azim Premji’s PremjiInvest led a Series C funding round of $80 million in Cyanogen. Among the other investors who participated in this round were Twitter Ventures, Qualcomm, Telefonica Ventures, Rupert Murdoch and Andreessen Horowitz along with existing investors. Cyanogen had planned to use the funding for hiring and development of Cyanogen’s open OS platform.
— Cyanogen (@cyngn) May 12, 2015
Last week, Cyanogen partnered with Truecaller to make the caller ID and blocking service app as its default native dialer app. The platform will roll out this integration in future OTA updates for OnePlus One and YUREKA users, as well as integrate it in future smartphones that come preloaded with Cyanogen OS. The feature will also be integrated in upcoming versions of the OS and will be available for all users across the globe.
Yesterday, Micromax’s online venture YU Televentures launched its second phone called the Yuphoria and a Yu Fit Band which has Cyanogen OS 12 (Android 5.0 Lollipop). Cyanogen has raised $110 million in funding so far. Started as a project called CyanogenMod, the company signed a deal with Qualcomm in March to develop software features for Qualcomm Reference Design based products.
Image Credit: Johan Larsson