Andy Rubin, an operative famous for building Google’s Android
handling system, has lifted $300 million (£231 million) for his
new startup, Essential.
The appropriation round, that was first reported
by Bloomberg, values Rubin’s organisation during $993 million (£765
million), according to
investigate by investigate organisation Equidate. That means it is
most a “unicorn,” that is a tenure given to tech startups
when they grasp a billion dollar valuation.
Essential declined to comment.
Rubin ran a Android multiplication during Google for scarcely a decade. He
left in 2014 and set adult a tech incubator called Playground
Global, that is where Essential spawned from.
The paperwork for a appropriation turn was reportedly submitted
towards a finish of May, usually before Rubin unveiled the
company’s initial dual devices: a “PH-1” smartphone and a orator to
opposition a Amazon Echo.
Prior to a appropriation round, Rubin lifted $30 million (£23
million) for Essential from Playground Global and Redpoint
Ventures, according to Equidate. Essential’s other investors
embody Asian tech giants like Foxconn and Tencent formed on the
financier territory on Essential’s website.
Rubin was on a margin of lifting $100 million (£77 million) from
Japanese tech hulk SoftBank though the funding fell through
due to a dispute of seductiveness with Apple, that has partnered
with SoftBank on its $100 billion (£770
million) Vision Fund.
The Essential PH-1 smartphone specs
The PH-1 is an arriving Android device that packs some
engaging facilities and clearly is dictated to go head-to-head
with a tip smartphones from Apple and Samsung. The recover date
has not been confirmed.
The modular device has an edge-to-edge shade and magnetic
connectors on a behind that will concede owners to connect
accessories, including a 360-degree camera that can be bought
alongside a phone.
The PH-1 costs $749 (£577) to haven with a 360-degree camera.
It comes unbarred and with 128 GB of inner storage. For just
a phone, it’ll cost $699 (£538). But unfortunately for
general customers, it’s accessible usually in a US, to begin
Along with that 128 GB of inner storage, it packs 4 GB of RAM
and a Qualcomm Snapdragon 835 processor. Its surrounding is titanium
and ceramic, and it comes in 4 colours — Black Moon (glossy
black), Stellar Grey (matte dim gray), Pure White (glossy
white), and Ocean Depths (a silken immature with bronze sides).
The shade is a large 5.7 inches — even incomparable than a 5.5-inch
shade on a iPhone 7 Plus — though a relations miss of bezels on
it means it has a smaller footprint than you’d expect. The rear
camera is 13 megapixels, while a front-facing camera is 8
megapixels. Both fire 4K video.
Additional stating by Rob Price.