trending Market Intelligence /marketintelligence/en/news-insights/trending/jVYcW85tdW3tUVTkZGkUTA2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Amazon, Tencent back Android creator's smartphone venture


Episode 5: The Future of Work - The World of Workforce Experience and Productivity


Needham & Company is Now Available in the S&P Global Market Intelligence Aftermarket Research Collection


European subscription OTT video 5-year outlook


Broadcast deal market recap 2020 – relatively good results in a challenging year

Amazon, Tencent back Android creator's smartphone venture

Essential Products Inc., the smartphone company founded by Android creator Andy Rubin, has secured $300 million in funding. Inc.'s Alexa Fund and Tencent Holdings Ltd. participated in the funding round led by Access Technology Ventures, which invested $100 million. Other investors include Redpoint Ventures, VY Capital and Altimeter Capital. In return, Access will get a place on Essential's board, according to an Aug. 9 news release.

Meanwhile, Rubin tweeted that the Essential smartphone is currently in mass production and the company will release launch-related details in the week of Aug. 14.

The Essential Phone will cost $699 when it launches and will have Sprint Corp. as distribution partner in the U.S. and TELUS Corp. in Canada, according to The Wall Street Journal.

The phone will be sold unlocked on Amazon, Best Buy and