If we met that day to Cyanogen as a team that sought to create for different mobile Android ROMs tell us at the time they were going to receive a multi-million dollar investment from companies like Telefonica probably would say that it is a lie. Well Yes, that small group that evolved into a startup in Android has received a funding round.
Companies such as Twitter, Telefónica and Qualcomm have invested in total 80 million of dollars on Cyanogen. It is not the first time that capture the interest of large investors, already at the time Microsoft was interested in them but now receive an amount that will allow them to continue growing and evolving as an alternative to Google on its own platform, Android road.
Invest to differentiate itself from Google
Many probably know the history of Cyanogen. A development team seeking to make their own versions of Android. They were growing and eventually were distancing from Google to create their versions of the operating system. Both have grown up has gone from being a home ROM to the choice of some manufacturers as OnePlus, Micromax or Alcatel.
Cyanogen has it is in high esteem, the statements of one of the investors, Premji Invest, dejan patent what is the interest which argues the investment of $ 80 million:
We have invested in Cyanogen because we are great advocates of what they are doing opening Android and supporting players of local and global ecosystems. Cyanogen is well positioned to be the third mobile operating system, we’re excited to support them so that your business grows and is global.
Striking that they speak of Cyanogen as a third platform and not as part of Android. At first it seems that this movement seems to be oriented to have presence in emerging markets. In the India boast an important agreement with Micromax. Precisely in this country, Google tries to enter with low cost and Android One devices.
Right now the main challenge for Cyanogen is continue to maintain an attractive offer for hardware manufacturers and deliver software solutions able to offer something different from what do Google with Android. On the part of software they are already reinforcing to eliminate the dependence with the Mountain View giant.