Andy Rubin Co-Founder of Android Receives Massive Funding for His Start-Up


Andy Rubin left Google in 2014 after working as a software engineer in the mega-technology firm for nearly a decade. He is famously known for his contribution in developing Google’s android. According to the online sources, Andy Rubin’s start-up “Essential” has recently won 300 million (£231 million) funding.  After the particular funding round the start-up’s has reported reached a total valuation of $993 million (£765 million).  After leaving Google, almost two years ago Rubin had set up “Playground Global”, which was basically a tech incubator and it could be said that Essential has hatched from it.

The funding round was reportedly concluded towards May-end, which also saw the company launched its first two technology segment: a smartspeaker to rival Google Home and its flagship smartphone “PH-1”. Allegedly, Rubin also raised $30 million (£23 million) for his startup Essential from Redpoint Ventures and Playground Global before the latest funding round.  Asian tech giants such as Tencent and Foxconn are amongst Essential’s other key investors. In addition, Rubin’s startup was close to raising $100 million (£77 million) from SoftBank, which is Japan’s leading technology firm. However, an unexpected conflict of interest with Apple, which has also collaborated with SoftBank led to a fallout.

Meanwhile, the new phone PH-1 by Essentials is all set to arrive in the US market. PH-1 is an advanced Android device that packs some exciting features and is preparing to lock horns with the like of Samsung and Apple. It is basically a modular device with an edge-to-edge screen and magnetic connectors on the back panel that will allow users to attach accessories, including the trendy 360-degree camera that can be purchased with phone. The phone will hit the market at a price of $749 (£577) that will also include the 360-degree camera, without it the price is set at $699 (£538). In terms of storage memory, the phones come with 128 GB of internal storage. However, for international customers the phone will be current available only in the US and overseas rollout dates are yet to be disclosed.  Apart from the 128 GB of internal storage, the phone also has a Qualcomm Snapdragon 835 processor and 4 GB of RAM. The casing will be available in ceramic and titanium and it comes in four variants – Stellar Grey (matte dark gray), Black Moon (glossy black), Ocean Depths and Pure White (glossy white). While the rear camera will be of 13 megapixels, the front cam offers 8 megapixels and both are capable of 4K shooting.

About Suyog Keluskar 5 Articles
Suyog Keluskar is an experienced Market Research, Customer Insights & Consulting professional, covering latest industry and market updates on Electronics, Semiconductor and ICT domain. With over ten years of experience in business/market research, Suyog delivers customer-centric assignments in market-entry, market expansion, partner identification, competition analysis, market sizing, industry insights and customer intelligence studies. When Suyog is not busy unraveling the consumer mind or unearthing market potential he can be found traveling the road less traveled with a fascinating book on contemporary history in his hand. An avid cricket fan, music lover and you will also find him discussing politics with his friends and peers more often.

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