View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Hardware
March 24, 2015

Open source Android rival bags $80m in funding

Investors include Twitter, Telefonica and Rupert Murdoch.

By Jimmy Nicholls

A firm behind an open source mobile operating system has secured $80m (£54m) in funding from the likes of Twitter, Telefonica and the media mogul Rupert Murdoch.

Now in Series C of funding, Cyanogen is being backed by the chip firm Qualcomm, the ISP smartfren, venture capital funds Index Ventures and Aviv Nevo, and the holding firm Access Industries, as it prepares to take on market leaders Android.

Kirt McMaster, chief executive of Cyanogen, said: "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.

"We’re excited to have the backing of an amazingly diverse group of strategic investors who are supporting us in building a truly open Android."

Cyanogen’s chief project is an open source operating system called CyanogenMod, as well as a commercial distribution called Cyanogen OS, both being built on Android, the world’s most popular mobile operating system.

Following the third funding round the company has raised $110m (£74m) in total.

"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.

Content from our partners
Scan and deliver
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester

"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."

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU