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Cyanogen secures $23 million in funding, this is just the beginning

Cyanogen Inc. secures $23 million through Series B funding, will launch a mass consumer brand and service in late-2014, or early-2015

| Business, Financial & Legal News | Posted: Dec 20, 2013 9:36 am

Cyanogen Inc. secured $7 million in Series A funding a few months ago, but Series B funding has come and gone, with $23 million being secured. The Series B funding was led by Andreessen Horowitz, the same company that is working closely with Oculus VR and its latest Series B funding round.

 

TweakTown image news/3/4/34470_06_cyanogen_secures_23_million_in_funding_this_is_just_the_beginning.jpg

 

One of the interesting points to take away from this is that Cyanogen Inc. is planning to launch a mass consumer brand or service late next year, or early 2015. We should hear more about the hardware side of things in the coming weeks and months, with the first CyanogenMod-powered smartphone, the CyanogenMod Edition of the Oppo N1 available.

NEWS SOURCES:Gigaom.com

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