Cyanogen Inc. secures tens of millions in new funding, talks future plans

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In the precious few month since some of the team behind CyanogenMod found themselves some backers and put together Cyanogen Inc., things have been moving fast. We saw the launch of the first smartphone with official manufacturer-blessed CyanogenMod support, even arriving in a straight-from-the-factory CM edition. We also got a streamlined CyanogenMod installer app in the Play Store, though Google eventually forced it out of there. Most recently, we’ve been hearing about possible new hardware partners for future CM phones. All this has sounded pretty ambitious, and today we learn about the sort of funds Cyanogen Inc. has been putting together in order to make its dreams happen, and get some insight into what’s next for the company.

When Cyanogen Inc. got started, it had $7 million put together. Since then it’s been able to attract new investors, and its second wave of funding has produced an additional $22 million. That money will partially go towards expanding into China, opening an office there with room for 50 employees.

As for the failed Play Store installer app venture, Cyanogen’s not giving up quite yet, and believes there still might be a way to appease Google – possibly by means of a backup process and additional disclaimers.

Further our into the future, the company aims to bring its brand more mainstream (while hopefully keeping the features that made it so successful among dev crowds), something it would like to see happen a year or so from now, as it moves into 2015.

Source: GigaOM

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About The Author
Stephen Schenck
Stephen has been writing about electronics since 2008, which only serves to frustrate him that he waited so long to combine his love of gadgets and his degree in writing. In his spare time, he collects console and arcade game hardware, is a motorcycle enthusiast, and enjoys trapping blue crabs. Stephen's first mobile device was a 624 MHz Dell Axim X30, which he's convinced is still a viable platform. Stephen longs for a market where phones are sold independently of service, and bandwidth is cheap and plentiful; he's not holding his breath. In the meantime, he devours smartphone news and tries to sort out the juicy bitsRead more about Stephen Schenck!