Company Cyanogen, firmware developer open source for mobile devices, which is based on official releases of Android, announced attracting new investment of $ 23 million from venture fund Andreessen Horowitz and Tencent.
Andreessen Horowitz’s portfolio includes such well-known companies such as Facebook, Twitter, Zynga and Groupon. Tencent – Chinese telecommunications company, a developer of many social web services.
Investing Andreessen Horowitz and Tencent was the second round of investment, the first round of investment in the amount of $ 7,000,000, was arraigned in April.
CyanogenMod offers opportunities that manufacturers of smartphones and tablets, as a rule, do not give their firmware versions. Among them: enhanced support for visual themes, support for the codec FLAC, database access points, client OpenVPN, improved menu reboot, support functions for distributing Internet Wi-Fi, Bluetooth and USB, CPU overclocking, etc.
Today CyanogenMod – a custom version of the most popular Android, which is used by over 10 million people.
Developers tried to spread in the official catalog CyanogenMod Android-apps Google Play. However, after 300 thousand downloads Google has blocked the product. Among Cyanogen expect that the firmware will reappear in the store in 2014, in the meantime you can download it on the official site.
CyanogenMod plans to increase staff and releasing updates more often
Initially, the project was a union CyanogenMod users with common interests. However, it quickly gained popularity among owners of devices on Android, and soon it was decided to open a company Cyanogen.
Equity investment company Cyanogen plans to spend to attract additional programmers, GUI developers, designers and product development.
also funds will be spent on the development of new applications, features and services, expansion of community support developers involved in the project CyanogenMod, and for activities.
expect that to obtain new funds they will be releasing updates frequently and increase the number of devices that will be marketed with preloaded firmware CyanogenMod. The first of these devices will be smart Oppo N1, which will be released in late December.Developers and investors
CyanogenMod believe that their firmware will become a separate full-fledged platform for mobile devices and will compete with major players of the smartphone market. “The competition has just begun. Apple, Google and Samsung have not yet won. In fact it is only the beginning, “- commented CEO Cyanogen Kirt MakMest (Kirt McMaste). “We believe that CyanogenMod has all chances to become one of the most popular operating systems in the world” – added partner, Andreessen Horowitz Peter Levine (Peter Levine).