Foxconn Invests In Cyanogen’s $80mn Series C RoundMay 13, 2015 2015-05-13 9:10
Foxconn Invests In Cyanogen’s $80mn Series C Round
Cyanogen has named Chinese contract manufacturing giant Foxconn as one among the lead investors in its series C funding round.
Twitter, Telefonica, and News Corp were initially named as investors in the $80 million series C round which was announced back in March.
The announcement of Foxconn being a part of that group is a little odd while further details of the funding are currently unavailable.
Cyanogen says it will use the investment to accelerate talent hiring and the development of its open OS platform.
It isn’t yet clear how a company that is famous for manufacturing iPhones for Apple will benefit from its investment in Cyanogen.