CyanogenMod Inc secures another $22 million in funding
The folks at CyanogenMod Inc have announced another major milestone in the company’s short history. They have secured $22 million in Series B funding from investors excited about the future of the company.
Some might wonder how so much buzz could surround a small company that got its roots in making custom ROMs, but recent murmurings reveal that it’s much bigger than flashable goods.
For starters, ex-vice president of Oppo Pete Lau’s new company OnePlus is rumored to be the driving force behind the official CyanogenMod phone (which is unofficially official, in a way, because they’ve yet to actually announce anything). And, in case you haven’t heard, they seem to have gotten into the business of selling accessories recently.
A round of funding as successful as this one is nothing to sneeze at, so it’ll be interesting to see what the team looks to achieve in the months to come.
They already let us in on the fact that they’ll be looking to expand their engineer, design and product teams, as well as participating in community events as an official sponsor and committing to the “open” cause. Let’s hope they’ll have more exciting moves to announce once the calendar hits 2014 in just a couple of weeks.