© michal kowalski dreamstime.com Electronics Production | May 19, 2015
Cyanogen receives strategic investment from Foxconn
Cyanogen has received a strategic investment from Foxconn and closed out its series C round of funding.
With offices in Palo Alto and Seattle, Cyanogen is leveraging the investment to accelerate talent hiring and the development of its open OS platform. Along with Cyanogen’s other investors, the strategic investment from Foxconn will help advance Cyanogen’s commercial adoption and growth in major markets. “We’re evolving Android and creating an open computing platform that will change the way consumers interact with their mobile devices,” said Kirt McMaster, CEO of Cyanogen Inc. “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.” To date, Cyanogen has raised a total USD 110 million in funding.