Cyanogen raises $ 80 million to compete with Android

The startup Cyanogen dream of offering its own mobile OS derived from Android but free of the presence of Google and its imposed mobile services. The objective is ambitious, while the mobile OS is the largely dominant platform on a world level, and the company is looking for support among young manufacturers ready to accept to preinstall their ROMs in order to stand out.

cyanogenmod 1 To fuel its growth, Cyanogen conducted a fundraising in recent weeks for which it has been whispered that Microsoft could potentially be part of the investors with the supposed aim of putting a stick in the wheels of a competitor.

The Redmond group is ultimately not one of the supporters but the startup has just formalized a fundraising of $ 80 million, which should give it a valuation of around 650 million dollars and will allow it to continue its economic model.

Among the investors is the group Qualcomm, which also shares its expertise with Cyanogen in terms of hardware, or the strategic fund linked to Twitter. Telefonica Ventures and the Indonesian operator Smartfren Telecom also participated in the fundraising.

There are also investors like Andreessen Horowitz, Rupert Murdoch or the Chinese group Tencent Holdings. So many actors who will be able to keep an eye on the possible opportunities brought by the OS under development at Cyanogen and its capacity to represent a alternative to Android.