Andy Rubin’s Essential raises $300M, now valued at $1B

Essential is the startup behind the Essential PH-1, and its latest financing round added $300 million to the bank accounts.

Essential came to life from the tech incubator Playground Global. Rubin founded it after leaving its head of Android position at Google. Now he joins in the already stacked smartphone market with the Essential PH-1.

Rubin also contacted SoftBank Group to include the startup in its $100 billion technology fund, but the deal collapsed after Apple joined the trust.

With the latest financial boost Essential should have an easier time delivering the Essential…

http://ift.tt/2rYVaZv (Source)

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