Watch Out, Google — A New Mobile OS-Maker Just Took Big Money From Serious SiIlicon Valley And Chinese Investors (GOOG)

Source: – Thursday, December 19, 2013
Google better watch out. A brand new mobile operating system-maker just took big investment from some serious investors. Silicon Valley venture capital firm Andreessen Horowitz, Chinese Internet company Tencent, and existing investors are putting another $ 23 million into a startup called Cyanogen. Cyanogen makes a mobile operating system called CyanogenMOD.  CyanogenMOD is basically an enhanced version of Google's mobile operating system, Android. Cyanogen can improve on Android and sell the result as new software because Android is what's called "open source" software. Google made it open source so that the mobile Web would become more widepread. (The trick has worked.) In a blog post explaining why he invested, Andreessen Horowitz partner Peter Levine wrote, "CM takes the best of what Android offers and adds innovative features to create a clean yet customizable user experience." "CM is 100% compatible with all Android applications, yet brings fabulous new capabilities to Android such as enhanced security, performance, device support, and personalization." "Today, tens of millions of devices are running Cyanogen worldwide, and we believe that CM has the opportunity to become one of the world's largest mobile operating systems. As past history suggests, companies such as Microsoft and RedHat have done exceedingly well by being independent of hardware, and we believe that this trend will accelerate in the mobile world." Cyanogen

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Posted in Hot News Topics on Dec 20th, 2013 by In The News Team   

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