Business, Investments, Technology

Foxconn Invests in Cyanogen Series C Round Funding


Cyanogen has confirmed an investment round with Consumer Electronics Manufacturer Foxconn, as one of the investors in its Series C funding round.

Cyanogen had raised $80 million in Series C funding in March 2015. The investment was led by Premji along with participation from new strategic investors Twitter Ventures, Qualcomm Incorporated, Telefónica Ventures, Smartfren Telecom, Index Ventures, Access Industries, Rupert Murdoch, Vivi Nevo, and several others undisclosed investors. Existing investors Benchmark, Andreessen Horowitz, Redpoint Ventures, and Tencent Holdings Ltd. also participated.

However, even after revealing that Foxconn was one of the investors; the amount it invested is still unknown. The strategic investment from Foxconn will help advance Cyanogen’s commercial adoption and growth in major markets around the world. as per the press release.

“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.

Till date, Cyanogen has raised a total $110 million in funding in three series.

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