According to a recent report by Bloomberg, Essential has now raised $300 million and with this new investment, the company is apparently valued at $900 million to $1 billion.
The company previously raised $30 million in funding from Rubin’s Playground Global and Redpoint Ventures last year.
This new investment should help the company launch its new devices which are due to go on sale shortly.
It will be interesting to see how well the new Essential Phone does and whether it becomes popular, it could be a hit with smartphone fans.
as well as launching the Essential Phone the company is also launching the Essential Home, this is a devices that it looking to take on the Google Home and Amazon Echo.