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Venture Capital News: Cyanogen Raises $80M in Series C

2015-03-25
PALO ALTO, CA, Cyanogen has raised an $80 Million Series C round.
Cyanogen has raised an $80 Million Series C round with backing from Twitter Ventures, Qualcomm Incorporated, Telefonica Ventures, Smartfren Telecom and Rupert Murdoch. The round was led by Premji Invest and included Index Ventures and Access Industries as well as existing investors Benchmark, Andreessen Horowitz, Redpoint Ventures and Tencent Holdings. Notably, it also includes some yet-to-be-announced other strategic investors, Cyanogen said.

CyanogenMod (pronounced sigh-AN-oh-jen-mod), is a customized, aftermarket firmware distribution for several Android devices. Based on the Android Open Source Project, CyanogenMod is designed to increase performance and reliability over Android-based ROMs released by vendors and carriers such as Google, T-Mobile, HTC, etc. CyanogenMod also offers a variety of features & enhancements that are not currently found in these versions of Android.
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