Follow The Money: 10 Recent Tech VC Investments To Watch In December


CyanogenMod

Headquarters: Seattle and Palo Alto, Calif.

CEO: Kirt McMaster
New Funding: $23 million
Round: B
Backers: Andreessen Horowitz (a16z), Tencent

As part of its step up beyond a hacker Android system, CyanogenMod has raised $23 million in venture capital funding to make strides toward becoming an indispensable Android mobile component. The company creates an open-source customizable Android OS. The latest financial windfall brings the company's total venture capital funding to $30 million and will be used to grow employee headcount by 60 employees in the next year and expand the amount of Android devices that come with the OS out of the box.

 



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