Cyanogen Raises $7M and Plans to Take on Windows Phone

CyanogenMod has received $7 million in venture funding from Benchmark Capital and Redpoint Ventures. In fact, its new CEO and co-founder describe their plans to become No. 3 in the mobile OS world.

If you’re an Android enthusiast, you’ve probably heard of CyanogenMod. If you’re not, the newly incorporated company’s leaders have big ideas on how to make sure you do.

CyanogenMod recently flipped the switch from an Android Open Source Project (AOSP) enthusiast’s dream to become a legitimate company with a team of 17 developers. Under the aegis of Boost co-founder Kirt McMaster as its chief executive, Cyanogen, Inc., has secured $7 million in Series A funding from Benchmark Capital to push it to become more than an fan project.

The focus of Cyanogen’s development will be on areas that Google has either neglected or developed in a direction that Cyanogen thinks it can do better or differently.

“There’s almost this entire developer ecosystem around it,” said CyanogenMod co-founder and developer Steve Kondik. “We’re going to do a lot of work around the user experience. You’re going to see us building secure services. To get more people to use it, we have all these little touches planned.” Source

 

Tags: Venture Capital, Venture Capital firm, Venture Capital group, Venture Capital industry, Venture Capital investment, Venture Capital Investor, Venture Capital fund, VC Funding, VC, Venture Funding, Cyanogen, Cyanogen, Inc., Windows Phone, Benchmark Capital, Redpoint Ventures, OS World, Android Open Source Project, AOSP, Kirt McMaster, Google, Steve Kondik.


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