Android creator raises $300M for his Palo Alto smartphone startup
The creator of Google's Android mobile operating system has raised $300 million for his new smartphone startup, Essential, at a valuation of nearly $1 billion. Bloomberg reported that Andy Rubin filed paperwork on the investment late last month, just before he unveiled plans for two products – a high-end smartphone and a home speaker that will compete with the likes of Amazon's Echo, Google Home and the Homepod that Apple teased this week. (Silicon Valley Business Journal)
The creator of Google's Android mobile operating system has raised $300 million for his new smartphone startup, Essential, at a valuation of nearly $1 billion. Bloomberg reported that Andy Rubin filed paperwork on the investment late last month, just before he unveiled plans for two products – a high-end smartphone and a home speaker that will compete with the likes of Amazon's Echo, Google Home and the Homepod that Apple teased this week. (Silicon Valley Business Journal)