In a fascinating turn of events, Foxconn has become an investor in Cyanogen, the company that wants to “take Android away from Google.”
Announced in a press release that was issued this morning, Cyanogen also noted that it has finished raising capital for the time being. The company says it will use the funds from Foxconn and its other investors to hire additional talent.
In January, Cyanogen raised $70 million in venture capital funding. At the time, The Wall Street Journal published a report that said Microsoft had taken part in the round and that “the financing round could grow with other strategic investors that have expressed interest in Cyanogen because they’re also eager to diminish Google’s control over Android”
To date, Cyanogen has raised $110 million venture capital. The company’s previous round, a Series B that was completed in December, 2013, helped it raise $23 million.
Not bad for a project that started as a passion project for a group of modders.
[source]Cyanogen[/source]
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