SOURCE: Cyanogen Inc.

Cyanogen Inc.

March 23, 2015 09:41 ET

Cyanogen Raises $80 Million in Series C Funding

Ecosystem Rallies Behind Cyanogen's Open OS Vision

PALO ALTO, CA--(Marketwired - March 23, 2015) - Cyanogen Inc., a leading mobile operating system pure-play, announced the completion of an $80 million round of Series C financing. With offices in Palo Alto and Seattle, the company will leverage the infusion of new funding to hire talent and accelerate the development of its open OS platform.

The financing was led by Premji Invest and includes participation from new strategic investors Twitter Ventures, Qualcomm Incorporated, Telefónica Ventures, Smartfren Telecom, Index Ventures, Access Industries (the US-based industrial group headed by Len Blavatnik), Rupert Murdoch, Vivi Nevo, and several yet to be announced partners. Existing investors Benchmark, Andreessen Horowitz, Redpoint Ventures, and Tencent Holdings Ltd. also participated.

"We're committed to creating an open computing platform that fundamentally empowers the entire mobile ecosystem from developers to hardware makers, and most importantly, consumers around the world," said Kirt McMaster, CEO of Cyanogen Inc. "We're excited to have the backing of an amazingly diverse group of strategic investors who are supporting us in building a truly open Android."

"We invested in Cyanogen because we're big proponents of what they're doing in opening up Android and supporting global and local ecosystem players," said Sandesh Patnam, Technology Sector Lead of Premji Invest. "Cyanogen is well positioned to become the 3rd leading mobile OS, and we're excited to back them in growing their business on a global scale."

To date, Cyanogen has received a total of $110 million in funding. Cyanogen is known for both its commercial distribution, Cyanogen OS, and open-source project CyanogenMod.

About Cyanogen Inc.
Cyanogen is reimagining mobile computing, giving power to the people to customize their mobile device and content experiences. The CYANOGEN® operating system is built on Android and known for its revolutionary personalization features, intuitive interface, speed, improved battery life, and enhanced security. With a rapidly growing global user base and a vibrant community of developers, we're intelligently connecting smartphone and tablet consumers to people, apps, and things they love. For more information, visit Cyanogen's website, Google+, Twitter, and Facebook.

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