Cyanogen receives investment from Foxconn

Cyanogen, makers of CyanogenMod and Cyanogen OS, announced Tuesday that it received funding from Chinese manufacturer Foxconn recently. The company didn’t disclose how much Foxconn invested, but did say it has raised a total of $110 million to date; that includes an $80 investment round in March.

Cyanogen said it plans to use the investment to build out its Cyanogen operating system and to hire new team members.

“We’re evolving Android and creating an open computing platform that will change the way consumers interact with their mobile devices,” Cyanogen CEO Kirt McMaster said. “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.”

Cyanogen has established several key partnerships recently. It has a software agreement with Microsoft to provide the company’s Office suite of applications with its software, and has phone OEMs such as Oppo and Micromax using its software. Drafting a new partnership with Foxconn will almost certainly help its cause moving forward.

Source: Cyanogen

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