Cyanogen Now Worth $1Billion After $80 Million In Funding Raised

Discussion in 'Android News' started by DroidModderX, Mar 23, 2015.

  1. DroidModderX

    DroidModderX Super Moderator
    Staff Member Premium Member

    Joined:
    Oct 6, 2011
    Messages:
    5,690
    Likes Received:
    2,115
    Trophy Points:
    478
    Ratings:
    +2,234
    [​IMG]

    Cyanogen just announced they have received another $80 million in funding from big companies like Twitter, Qualcomm, Telefonica, Ventures, and Rupert Murdoch, plus some other "not yet announced partners." This brings the companies value up to nearly $1Billion. This company has come a long way from its humble beginnings as a Kang of the Jesus Freke Rom.

    With the money Cyanogen looks to make Android more open than ever. They plan on making developing easier by breaking down barriers that currently exist. The partners are interested in what is being done by Cyanogen to open source for the benefit of both the consumer and service providers. CEO Kirt McMaster said some pretty delusional things during the interview like "Google is a common enemy", and "We are putting a bullet in Google's head"! Not sure why all the mean spirited hatred. There would be no Cyanogen without Google. There are all kinds of money making plans like licensing and integrating CM into apps. CM is even looking to take the place of Google services like Gmail, talk, and so forth and so on. This company doesn't have high asperations nor unrealistic expectations do they?


    via Forbes
     
  2. kodiak799

    kodiak799 Gold Member

    Joined:
    Feb 20, 2010
    Messages:
    6,000
    Likes Received:
    774
    Trophy Points:
    258
    Ratings:
    +941
    Very interesting valuation for a company that's dead in the water unless the OEM's and Carriers reverse direction on locking-down devices.
     
    • Agree Agree x 1
  3. cybertec69

    cybertec69 Silver Member

    Joined:
    Apr 19, 2010
    Messages:
    2,207
    Likes Received:
    267
    Trophy Points:
    148
    Location:
    Staten Island, NY
    Ratings:
    +318
    These companies figure what the heck, let's throw some spare change at this and if it sticks great "we make out nice", if this fails, so what, this is coffee money for these corporations, and a tax write off.
     
    • Agree Agree x 1
  4. wicked

    wicked Administrator
    Staff Member Premium Member

    Joined:
    Oct 11, 2010
    Messages:
    5,321
    Likes Received:
    1,527
    Trophy Points:
    273
    Location:
    San Jose, CA
    Ratings:
    +1,729
    Current Phone Model:
    Pixel XL
    Twitter:
    @MikeAlvez
    Their CEO is still a tool.
     
    • Agree Agree x 6
    • Like Like x 1
  5. pc747

    pc747 Administrator
    Staff Member Rescue Squad

    Joined:
    Dec 23, 2009
    Messages:
    24,579
    Likes Received:
    5,555
    Trophy Points:
    1,123
    Ratings:
    +6,155
    You referring to the comment he made about putting a bullet to the head of Google?

    Yeah as much as I applaud that CM went from rom to a business and literally a testament to the idea that if you have an idea and willing to work you can make anything you want, CM is nowhere near what Google has done with android. Android is not what has set google apart, it is where they started from but what made them able to compete on the same plane as Apple is what they have done with their software particularly with Google Play and service. I feel like Google has really come a long way where I use to seek roms because they had something android didnt I now prefer stock android because it just works as well as do everything I need.
    I still applaud CM for coming this far turning their passion into a paycheck so hats off to that and a further testament to the American dream.
     
    • Agree Agree x 1
  6. wicked

    wicked Administrator
    Staff Member Premium Member

    Joined:
    Oct 11, 2010
    Messages:
    5,321
    Likes Received:
    1,527
    Trophy Points:
    273
    Location:
    San Jose, CA
    Ratings:
    +1,729
    Current Phone Model:
    Pixel XL
    Twitter:
    @MikeAlvez
    Among other things, yes.
     
    • Agree Agree x 1
  7. Jeffrey

    Jeffrey Premium Member
    Premium Member

    Joined:
    Jan 30, 2012
    Messages:
    6,686
    Likes Received:
    3,548
    Trophy Points:
    1,578
    Location:
    Thailand
    Ratings:
    +4,036
    Current Phone Model:
    iPhone 7 Plus JB
    + 1 @wicked . If we were not Family Friendly, I would describe just what a tool he is.
     
    • Like Like x 3
    • Agree Agree x 1
  8. bkdodger

    bkdodger Super Moderator
    Staff Member

    Joined:
    Dec 13, 2011
    Messages:
    7,651
    Likes Received:
    4,004
    Trophy Points:
    1,563
    Location:
    Staten Island, New York
    Ratings:
    +4,286
    Current Phone Model:
    Nexus 6
    Yeah.. Gotta go with the sentiment..

    Tapped by Big 6
     
    • Like Like x 2
  9. FoxKat

    FoxKat Premium Member
    Premium Member

    Joined:
    Apr 2, 2010
    Messages:
    14,806
    Likes Received:
    4,751
    Trophy Points:
    838
    Location:
    Pennsylvania
    Ratings:
    +5,290
    Current Phone Model:
    Droid Turbo 2 & Galaxy S7
    Here's me and my respect-|-------------------------------------------------------10,000 miles-----------------------------------------------------------|-here's Cyanogen.
     
    #9 FoxKat, Mar 23, 2015
    Last edited: Mar 23, 2015
    • Like Like x 3
  10. pc747

    pc747 Administrator
    Staff Member Rescue Squad

    Joined:
    Dec 23, 2009
    Messages:
    24,579
    Likes Received:
    5,555
    Trophy Points:
    1,123
    Ratings:
    +6,155
    • Agree Agree x 2
  11. cybertec69

    cybertec69 Silver Member

    Joined:
    Apr 19, 2010
    Messages:
    2,207
    Likes Received:
    267
    Trophy Points:
    148
    Location:
    Staten Island, NY
    Ratings:
    +318
    It's the I want to get rich quick scheme I see happening more and more in today's tech industry, I am a black car FHV driver in NYC and pick up many of these types of dusche bags, I call it the tech/Google syndrome, if I tell you the crap I hear coming out of some of these people's mouths, it would make your jaw drop.
     
    • Like Like x 1
  12. FoxKat

    FoxKat Premium Member
    Premium Member

    Joined:
    Apr 2, 2010
    Messages:
    14,806
    Likes Received:
    4,751
    Trophy Points:
    838
    Location:
    Pennsylvania
    Ratings:
    +5,290
    Current Phone Model:
    Droid Turbo 2 & Galaxy S7
    Yeah, but the really sad part is that the corporations that fund these douche bags have so much money that dumping a few mill on them just to see if they'll crash and burn is like a game for them. So many of these wannabees actually do hit it for millions. Then we have your rich douche bags, the worst ones of all.
     
Search tags for this page
cyanogen mod net worth
,
cyanogen net worth
,
cyanogenmod inc net worth
,

cyanogenmod net worth

,
cyanogenmod networth
,
is cyanogen worth
,

kirt mcmaster net worth

,
worth of cyanogen inc