KaiOS Technologies, maker of KaiOS mobile operating system for smart phones, announced $50 million in a Series B funding round led by Cathay Innovation, with continued participation from Kai’s existing shareholders Google and TCL Holdings.
To date, more than 100 million devices running on KaiOS have been shipped, claims the Company.
With this Series B, Kai plans to expand into new markets, and to invest in product portfolio research and development. It will also enable Kai to mature its ecosystem by accelerating the growth of the KaiOS developer community.
Kai experienced strong growth in 2018 as it built a presence in new markets such as India and Africa through critical partnerships with companies including Reliance Jio, Google, Facebook, Twitter, Orange, MTN, Qualcomm, and others. Kai aims to transition a substantial portion of the more than 1.5 billion feature phone users to smart feature phones, enabling carriers, manufacturers, developers, and advertisers to create innovative, new business models.