Finland-based developer of open mobile operating system (Sailfish OS), Jolla has closed its series C investment round and has secured new financing for the company. Jolla plans to use the funds for further development of Sailfish OS and also to increase the company’s capability for further major licensing deals. Jolla said that it is continuously looking for new industry partners to join the Sailfish OS agenda to bring new alternatives to the worldwide mobile operating system landscape.
According to Jolla, it has been solely carrying the high investment cost of the Sailfish operating system and that it has been challenging to finance the operation. Jolla added that it is now moving into a model where it will split its operations between the company and its partners in the BRICS countries, especially in Russia, India and China. While Jolla focuses more on the development of the core of Sailfish OS, producing Sailfish software releases, and supporting its licensees & app developers, these partners will be pursuing R&D initiatives for local market operations.
Antti Saarnio, Chairman of the Board of Jolla
Jolla has now successfully completed its investment round and is ready to continue to provide a true mobile OS alternative to the world. This latest death valley was the most difficult one but proved that highly motivated teams can win even when faced with seemingly insurmountable challenges.
