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CyanogenMod raises $23 million in funding, goes legit to reel in the big boys like Samsung and HTC

2013-12-20 15:44:33| Extremetech

The CyanogenMod group, famous for its feature-rich Android builds that have been stripped of cruft and bloatware, has secured $23 million of Series B funding from venture capital firm Andreessen Horowitz (a16z) and Chinese internet giant Tencent. The money will be spent on recruiting new talent (up to 60 new staff members over the next year) that will help cement Cyanogen Inc as a serious, commercial player in the Android market. In related news, the Oppo N1 -- the first CyanogenMod smartphone that's been certified by Google -- will be available from December 24.

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