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Tags - valuation

Cyanogen

 

You may probably use the Cyanogenmod made by Cyanogen Inc. on your Android Smartphone. According to a report in The Information, Cyanogen Inc. rejected acquisition interest from Google. Google's Android chief, Sundar Pichai reportedly discussed the search giant's interest in the small company in a recent meeting with its top brass.

 

Instead of becoming part of Google, Cyanogen is in late-stage discussions for Series C round of financing. The company is seeking a valuation that is close to $1 Billion, despite the fact that it is barely generating revenue.

 

Cyanogen

 

Potential Cyanogen investors have reportedly been told that the company has struck a deal with the Indian manufacturer Micromax. The latter's smartphones will be outfitted with custom Android ROMs, a la OnePlus One as part of the agreement.

 

 

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