Essential Confirms $300 Million Funding from Amazon and Tencent
Smartphone company Essential has finally confirmed that it has received $300 Million funding from investors including Tencent, as well as Amazon’s Alexa Fund, among others. the smartphone maker founded by the creator of Google’s Android mobile software has been in the news last couple of months due to it’s very attractive Essential Phone and it’s upcoming roadmap of taking on biggies like Samsung and Apple. Essential also revealed new information about its retail launch, including retail partners Amazon and Best Buy who will be carrying the phone in the U.S.
But the company has still opted to remain mum as to when will the Essential Phone be available for purchase?
Essential President Nicole De Masi told the Wall Street Journal on Wednesday that it’s still “a few weeks away,” but said that the company will provide an exact date “in a week.” The Essential phone has a launch exclusivity deal with carrier Sprint in the U.S., and it also previously announced availability via Telus in Canada. De Masi told the WSJ that future international carrier options would be announced later in 2017.
The company’s total funding is now at $330 million, and private co. share marketplace Equidate estimates its total valuation at $1 billion, though Essential itself isn’t disclosing any official valuation figures.
After working on a phone operation system for a decade which reached its zenith, creating something that would be competing with it was no bed of roses. The Essential is an incredibly ambitious project which Andy wants to make into the first great gadget maker after Apple, one that builds a platform which will eventually power millions of devices.
What makes the Essential Phone even more exciting is the fact that early reports and leaks suggest iPhone 8 too shall be having a similar bezeless design.
Source: The Wall Street Journal