Cyanogen raises $23M in Series B funding to improve customized Android operating system
Silicon Valley's Cyanogen has raised $23 million in Series B funding for its customized version of the Android operating system. Andreessen Horowitz and Tencent led the said round, according to CNET.
The California-based firm will use the new funding to expand its current workforce of 25. The company will add more engineers to its team to work on all the aspects of the CyanogenMod development. These aspects include the core software, product development, user interface, and design, the report detailed.
In relation to the transaction, A16Z's Peter Levine will join Cyanogen's board of directors, the report added.
The company has made news this year when it launched an installer app that simplifies the process of switching over from the basic Android operating system. The said app integrates encryption technology directly into its messaging app. It also offers an app permissions-controlling feature that was earlier pulled out by Google from Android's standard version, the report explained.
Cyanogen has yet to comment on this news, CNET reported.