Cyanogen has received $80 million in latest round of funding from Premji Invest. This funding comes just a week after it was reported that the company raised $110 million.
Cyanogen plans to utilize the newly raised capital to hire talent and speed up the development of its OS platform. Investors included Premji Invest, Twitter Ventures, Qualcomm Incorporated, Telefónica Ventures, Smartfren Telecom, Index Ventures, and Access Industries. The company has its own mobile operating system, called Cyanogen OS, that’s built completely on Android.
“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.”
said Kirt McMaster, CEO of Cyanogen Inc.
Cyanogen Inc. partnered with OnePlus last year for the OnePlus One, which is the first official Cyanogen OS smartphone. Micromax’s YU partnered with Cyanogen few months back to use the OS in their YU series of smartphones starting with YU YUREKA in India. The company recently partnered with Alcatel One Touch by TCL Communication to introduce Alcatel One Touch Hero 2+ running on Cyanogen OS. Alcatel OneTouch had said at that time that it will introduced more devices with Cyanogen OS in 2015 and beyond.