Foxconn invests in Cyanogen Series C

It appears as though Foxconn took part in Cyanogen's $80 million Series C raise announced back in March. It's unclear why Foxconn was only now named as an investor.


Taiwanese contract manufacturer Foxconn has made a strategic investment in open-source OS maker Cyanogen.

Exact details of the investment are still unclear, but a news release from Cyanogen names Foxconn as a lead investor in its Series C funding round.

It appears the Series C was first reported back in March, with Twitter, Telefonica, and News Corp owner Rupert Murdoch all taking part.

Which makes the latest Foxconn announcement all the more confusing. It's unclear why Foxconn was only now named as an investor.

Nonetheless, the $80 million Series C (as it was described two months ago) brings Cyanogen's total funding to $110 million.

Cyanogen says it plans to leverage the latest investment to hire more employees and further build out its OS platform, which according to Cyanogen, "will create a more open, level playing field for third party developers."

At this point there's only speculation as to how Foxconn, which produces Apple devices and other consumer electronics, plans to leverage its investment in the OS maker. But according to Cyanogen CEO Kirt McMaster, Foxconn and the rest of the company's investors are on board with Cyanogen's lofty mobile ambitions.

"We're evolving Android and creating an open computing platform that will change the way consumers interact with their mobile devices," McMaster said in a statement. "Foxconn and our diverse group of strategic investors and partners reflect the mobile value chain, from device manufacturers and mobile network operators to chipset makers and 3rd party developers. They see the great potential of what we're doing in creating the next major paradigm shift in mobile computing."