Linked by Thom Holwerda on Wed 18th Sep 2013 23:07 UTC
PDAs, Cellphones, Wireless

Cyanogen, makers of popular software based on Android that extends the abilities of smartphones, is making a bid for the mainstream. The four-year-old company, which began as a one-person side project, said today that it has raised $7 million from Benchmark Capital and Redpoint Ventures. The goal is to vault past Blackberry and Windows Phone to become the third-most popular mobile operating system, after traditional Android and iOS. And the company is already closer than you might think.

The announcement blog post has more details and background. This is either the best idea they've ever had, or the beginning of the end. I honestly have no idea which of the two it will be. I like the fact that they might be more popular than Windows Phone though - puts everything into perspective, doesn't it?

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RE[5]: Comment by Nelson
by phoenix on Thu 19th Sep 2013 19:58 UTC in reply to "RE[4]: Comment by Nelson"
Member since:

What's "IPR"?

Reply Parent Score: 2

RE[6]: Comment by Nelson
by Nelson on Thu 19th Sep 2013 21:01 in reply to "RE[5]: Comment by Nelson"
Nelson Member since:

Intellectual property revenue.

Also, unlike others, this is pure profits, there is negligible overhead involved.

In fact, Android is probably going to be a lucrative business for Microsoft in the future. They do almost nothing to extract obscene profits from its continued growth. At some point you've got to wonder if this financial interest will be a greater tidal force inside MS than the strategic value of Windows Phone.

Reply Parent Score: 3