Cyanogen Expected to Raise 70M in Funding from Microsoft



Image Source: Times Job

Open source Android based OS maker, Cyanogen, is expected to secure a funding of USD 70 million from Microsoft. The tech company, which also has its own WindowsPhone OS, is going to be a minor investor.

Kirt McMaster, Cyanogen’s CEO in the past had mentioned that the company plans to take Android away from Google, so as to reduce its control over the phone OS. Microsoft’s Windows Phone OS has less than 5 percent market share and with its investment plan in Cyanogen will help it have its own Android platform.

Around 50 million people use Cyanogen OS on top of Android. Cyanogen has also partnered with device makers to pre-install its software on their devices. For example in India it has it exclusive deal with Micromax for its YU series handsets.