Cyanogen Inc. is reportedly raising a $110 million round — one that will not include participation from Microsoft.
Bloomberg Business reported Friday afternoon that the Android OS-maker is “close” to an agreement with investors for the fresh cash.
Last month, Wall Street Journal reported that Microsoft was planning to take part in this round as a minority investor, but Bloomberg noted today that the Redmond giant ultimately decided to not invest.
The latest investment would come more than a year after a $22 million Series B round of funding for the company that was led by Andreessen Horowitz. Other investors in Cyanogen include Redpoint Ventures, Benchmark and Chinese tech giant Tencent.
Cyanogen develops mobile software that gives Android owners what’s arguably a more customizable, secure and speedy experience than the standard version of Android that comes on smartphones out of the box. The company was formed in 2013 to commercialize the CyanogenMod open-source project, which CTO Steve Kondik started in 2009. It has grown to 80 people across offices in Seattle and Palo Alto, Calif., and it’s planning to continue growing as it takes on bigger challenges.
Learn more about Cyanogen’s future plans — a new Alcatel device, a partnership with chipmaker Qualcomm, and rebranding of the company — with our interview of Kondik earlier this month.