Jolla closes $12M Sequence C for its Sailfish cell OS licensing organization

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Alternative cell OS maker, Jolla, whose Sailfish licensing organization aims to compete with Google’s Android platform by presenting OEMs the ability to tailor the mobile platform to their needs, has shut out a $12 million Sequence C funding round.

Back in November the startup ran out of runway soon after failing to close its Series C in time, and was pressured to let go of 50 percent its staff. It also had to start out a financial debt restructuring course of action.

Jolla says it has now cancelled that debt restructuring course of action, and says the $12 million Sequence C closing is ample to see it by means of to the end of the 12 months.

The startup acquired the initially tranche of the round at the again end of last 12 months, but was not disclosing how much funding it had taken in at that time. It has now shut out the round, at $12 million, which is a small greater than the $ten million it had initially sought last 12 months.

For some context on the dimensions of the round, a new cell OEM referred to as Sirin Labs raised a $seventy two million seed round at the end of last thirty day period, aiming to construct secure smartphones — a room Jolla has also beforehand claimed it intends to goal with a protection-hardened version of its OS (and rather a lot more modest fiscal backing).

The Sequence C funding will be fully centered on Jolla’s Sailfish OS licensing organization. It said nowadays it is also on the lookout to recruit a lot more computer software builders to bolster its product or service progress “for new and approaching products”.

A new neighborhood program is also in the pipeline — but Jolla said information on this will be declared soon.

Past 12 months the startup stepped absent from the product-producing facet of its organization, splitting into two and stating it was focusing its first endeavours on the OS — with only a imprecise plan to create another entity to continue to construct devices.

“We are at the moment focusing strongly on computer software progress, and licensing initiatives, meaning that purchaser product organization is not our ambition as such. Even so, we may of study course introduce new intriguing spearhead goods for Sailfish OS,” Jolla chairman Antti Saarnio informed TechCrunch.

Extending its licensing partnerships program is the crystal clear priority now. As effectively as correctly seeing licensee devices arrive in their respective markets.

Back in February Jolla declared it had signed its 2nd OEM companion, Africa’s  Mi-Fone, subsequent an settlement with India’s Intex last July. The latter’s initially Sailfish run product, the Aqua Fish, had been slated to be introduced in India by this thirty day period — while Jolla says now it is in the “final phases” of the venture with Intex, and the product is “set to enter the Indian market for the duration of the coming months”.

Sailfish has also been decided on as the OS to power a forthcoming smartphone from Turing Robotics — another product concentrating on the protection/professional-privateness room. The product makers had initially meant to use Android but switched to Sailfish, citing data security as the drive.

“Sailfish OS is currently running speedy on the Turing cellphone, and we are now performing with each other to get all the required computer software in put,” additional Saarnio in a statement. “We at Jolla believe that that it is possible to generate niche goal group sensible devices in Finland, as Turing is now planning to do. Our goal is to assistance them in the finest way we can.”

A person hardware hangover for Jolla — a crowdfunded pill that had to be canceled following the company’s Sequence C fiscal difficulties — stays, but Jolla has beforehand claimed it will refund all clients who do not receive the pill.

The hottest on the pill is that Jolla says it has shipped approximately all offered tablets to consumers, and is proceeding to satisfy promised refunds.

The refund course of action will consider put in two parts, with Jolla stating nowadays that it anticipates that all payments from the initially round will be processed for the duration of April and Might 2016. The 2nd round is slated to be paid within a 12 months of round one — dependent on its financial position. So, presumably, dependent on no matter if it’s in a position to secure a Sequence D round or not.

Jolla is “in the planning section for our even further funding rounds”, Saarnio additional.

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Jolla closes $12M Sequence C for its Sailfish cell OS licensing organization
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