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Substitute cellular OS maker, Jolla, whose Sailfish licensing enterprise aims to compete with Google’s Android system by offering OEMs the skill to tailor the mobile platform to their desires, has shut out a $twelve million Series C funding spherical.
Again in November the startup ran out of runway following failing to near its Series C in time, and was forced to allow go of half its employees. It also had to commence a debt restructuring procedure.
Jolla claims it has now cancelled that debt restructuring procedure, and says the $twelve million Series C closing is plenty of to see it as a result of to the conclusion of the year.
The startup gained the initially tranche of the spherical at the back again conclusion of last year, but was not disclosing how considerably funding it had taken in at that time. It has now shut out the spherical, at $twelve million, which is a little better than the $10 million it had originally sought last year.
For some context on the dimensions of the spherical, a new cellular OEM termed Sirin Labs raised a $seventy two million seed spherical at the conclusion of last thirty day period, aiming to develop safe smartphones — a space Jolla has also beforehand stated it intends to focus on with a protection-hardened version of its OS (and rather additional modest economical backing).
The Series C funding will be fully focused on Jolla’s Sailfish OS licensing enterprise. It said nowadays it is also looking to recruit additional software developers to bolster its solution growth “for new and upcoming products”.
A new community system is also in the pipeline — but Jolla said facts on this will be declared soon.
Past year the startup stepped absent from the machine-generating side of its enterprise, splitting into two and declaring it was focusing its preliminary efforts on the OS — with only a obscure strategy to build one more entity to continue on to develop equipment.
“We are presently focusing strongly on software growth, and licensing assignments, that means that purchaser machine enterprise is not our ambition as this sort of. Nonetheless, we may possibly of program introduce new fascinating spearhead products and solutions for Sailfish OS,” Jolla chairman Antti Saarnio told TechCrunch.
Extending its licensing partnerships system is the obvious priority now. As well as successfully seeing licensee equipment get there in their respective markets.
Again in February Jolla declared it had signed its second OEM husband or wife, Africa’s Mi-Fone, pursuing an agreement with India’s Intex last July. The latter’s initially Sailfish powered machine, the Aqua Fish, had been slated to be released in India by this thirty day period — although Jolla claims now it is in the “final phases” of the challenge with Intex, and the machine is “set to enter the Indian sector in the course of the coming months”.
Sailfish has also been preferred as the OS to power a forthcoming smartphone from Turing Robotics — one more machine concentrating on the protection/professional-privacy space. The machine makers had originally intended to use Android but switched to Sailfish, citing data security as the inspiration.
“Sailfish OS is already working fast on the Turing cell phone, and we are now doing work alongside one another to get all the essential software in area,” included Saarnio in a assertion. “We at Jolla consider that it is possible to generate area of interest focus on group smart equipment in Finland, as Turing is now setting up to do. Our goal is to assistance them in the best way we can.”
A single hardware hangover for Jolla — a crowdfunded pill that had to be canceled following the company’s Series C economical problems — remains, but Jolla has beforehand stated it will refund all consumers who do not receive the pill.
The most up-to-date on the pill is that Jolla says it has shipped almost all offered tablets to prospective buyers, and is proceeding to satisfy promised refunds.
The refund procedure will take area in two elements, with Jolla declaring nowadays that it anticipates that all payments from the initially spherical will be processed in the course of April and May 2016. The second spherical is slated to be paid within a year of spherical a person — relying on its financial standing. So, presumably, relying on regardless of whether it is equipped to safe a Series D spherical or not.
Jolla is “in the setting up stage for our even further funding rounds”, Saarnio included.
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Jolla closes $12M Series C for its Sailfish cellular OS licensing enterprise
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