The CyanogenMod team, who provide custom Android firmware, have announced that they are now a company, called Cyanogen Inc, and have received $7 million in funding.
It looks like they have some big plans for the company, and intend to turn CyanogenMod into the worlds thirds largest mobile OS behind Android And iOS.
So what does this all mean for the community? The first thing I wanted to do when I realized we were actually doing this, was tell everyone possible. But when starting a company, you have to think about the larger picture. This meant not announcing until the time was right, our house was in order and we would have something to show.
I have seen open source projects come and go, some being bought out and closed, others stagnating and falling by the wayside. I don’t want to see this happen with CM.
In all that chaos there have been projects that do it ‘right’, simultaneously supporting the company and the community—this is where CM will go. Our community is our biggest asset. With any change in structure like this, questions about motives and reason are going to need answered. The new products we have created should give you an idea about our motivation, and where we are going.
What will change is our capabilities, our speed, and our size. I’m not one to let anything stagnate. The next logical steps for CM were out of reach previously, and the path forward is clear now. I hope you feel the same.
I realize the questions will outnumber anything I can show you. We will be doing a Reddit AMA later today, so you all will have an opportunity to ask us exactly what is on your mind.
It certainly sounds very interesting, they have also announced that they will shrotly be releasing a CynogenMod installer that will be available from the Google Play Store.
Source CynogenMod Blog