CyanogenMod Raises $110 Million—No Microsoft Necessary

Microsoft is desperately trying to break into the mobile world of technology, and while its Windows Phones may be capable devices, they certainly aren’t popular. The Washington state-based company has diversified and has now started pushing for its apps to at least be available and desirable to potential customers using other mobile platforms. Google has been accused of being unyielding towards any outside programs by Microsoft being used in the operating system, which is why Microsoft was trying to strike a deal with CyanogenMod.

As it turns out, the deal didn’t go so well, at least not for Microsoft. Despite missing out on money from one of the largest tech companies in the world, CyanogenMod still managed to raise $110 Million. The cash eventually came from Benchmark, Andreessen Horowitz, and Redpoint Venture, amongst other sources. Due to the influx of cash and the investments made in the company by these venture capital firms, Cyanogen could be valued at over $500 million, which is fantastic for the startup, especially considering how far it has come in such a short time.

In the coming months, it will be exciting to see what Cyanogen does with its new capital, how Microsoft goes about getting its software on other devices, and whether or not they will try to give it another go in an investing deal.

Source: Bloomberg

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