Essential Confirms Amazon And Best Buy Retail Availability
Essential Confirms Amazon And Best Buy Retail Availability
Amazon.com, Inc. (AMZN) Backs Smartphone Startup In $300MM Round
10 August, 2017, 00:38
Luckily for Rubin, there are quite a few high-profile companies looking to back Essential in its quest to break into the crowded smartphone market.
Essential, Android creator Andy Rubin's smartphone startup, announced its phone earlier this year but has yet to say when it will actually become available. All three images highlight the titanium frame and ceramic body in various machining stages. Essential hasn't said when the phone will launch, only noting yet again that it's due out "in a few weeks" and will be sold by Amazon and Best Buy.
Andy Rubin co-founded Android before he sold it to Google. The war chest will enable the company to effectively compete against its rivals. His big idea with Essential is to make things simpler for customers.
The funding news was a much-needed breath of fresh air for the still-mysterious startup. This is in addition to Sprint being the exclusive carrier for the Essential Phone, though all versions will be unlocked and usable on all US networks. Amazon, which has a leading position in smart speakers with its Echo, invested in Essential via its Alexa Fund.
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Essential has generated a lot of hype around its forthcoming Android-based smartphone based on the pedigree of its founder and its unique design with maximizes the screen area of the device.
"Essential Products has a compelling vision and roadmap for connected devices that integrates voice technology in novel ways", Paul Bernard, director of corporate development for the Alexa Fund, said in a statement. "We look forward to what will come from this collaboration".
Other investors listed on the company's site include Redpoint, Playground, Access Technology Ventures, VY Vapital, Altimeter Capital and Foxconn.
First published August 9, 8:58 a.m. PT. Update, 12:58 p.m.: Adds Andy Rubin's comments.
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