Essential Gets $300M Funding, Availability To Be Detailed Next Week
Android co-founder Andy Rubin's Essential Products has confirmed to have received funding worth $300M. Essential hasn't detailed about all the investors but has confirmed to have received investments from Tencent and Amazon's Alexa Fund. The funding is said to have been carried out in June. Essential has also confirmed Amazon and Best Buy as it's partners to sell the smartphone in the US, with Sprint already signed up as it's launch exclusive carrier partner. The Essential PH-1 will be sold in Canada via carrier Telus.
We are in full mass production, ramping up to deliver your Essential Phone. Find out where you can get yours next week! #thisisessential pic.twitter.com/CYrhTMSt1g— Andy Rubin (@Arubin) August 9, 2017
With the Galaxy Note 8 to be unveiled on August 23 and the iPhone 8 around the corner, the PH-1 is bound to face stiff competition. Essential will therefore have to do something special to stand out amongst its competition. Essential's commitment to frequent security updates along with different accessories to make the Phone "cord-free, future-proof, and always up-to-date" might help the company in attracting some consumer attention.
Source: TechCrunch
[Featured image source Essential]
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