Jolla closes $12M Collection C for its Sailfish cellular OS licensing enterprise

Jolla closes $12M Series C for its Sailfish mobile OS licensing business

Various cellular OS maker, Jolla, whose Sailfish licensing enterprise goals to compete with Google’s Android platform by providing OEMs the power to tailor the cellular platform to their wants, has closed out a $12 million Collection C financing spherical.

Again in November the startup ran out of runway after failing to shut its Collection C in time, and was pressured to let go of half its employees. It additionally needed to start a debt restructuring course of.

Jolla says it has now cancelled that debt restructuring course of, and says the $12 million Collection C closing is sufficient to see it by means of to the top of the yr.

The startup acquired the primary tranche of the spherical on the again finish of final yr, however was not disclosing how a lot funding it had taken in at the moment. It has now closed out the spherical, at $12 million, which is a bit of greater than the $10 million it had initially sought final yr.

For some context on the dimensions of the spherical, a brand new cellular OEM referred to as Sirin Labs raised a $seventy two million seed spherical on the finish of final month, aiming to construct safe smartphones — an area Jolla has additionally beforehand stated it intends to focus on with a safety-hardened model of its OS (and somewhat extra modest monetary backing).

The Collection C financing shall be absolutely targeted on Jolla’s Sailfish OS licensing enterprise. It stated as we speak it can also be trying to recruit extra software program builders to bolster its product improvement “for brand spanking new and upcoming merchandise”.

A brand new group program can also be within the pipeline — however Jolla stated particulars on this can be introduced shortly.

Final yr the startup stepped away from the system-making aspect of its enterprise, splitting into two and saying it was focusing its preliminary efforts on the OS — with solely a obscure plan to determine one other entity to proceed to construct units.

“We’re presently focusing strongly on software program improvement, and licensing tasks, which means that shopper gadget enterprise just isn’t our ambition as such. Nevertheless, we’d in fact introduce new fascinating spearhead merchandise for Sailfish OS,” Jolla chairman Antti Saarnio advised TechCrunch.

Extending its licensing partnerships program is the clear precedence now. In addition to efficiently seeing licensee units arrive of their respective markets.

Again in February Jolla introduced it had signed its second OEM companion, Africa’s  Mi-Fone, following an settlement with India’s Intex final July. The latter’s first Sailfish powered gadget, the Aqua Fish, had been slated to be launched in India by this month — though Jolla says now it’s within the “ultimate phases” of the challenge with Intex, and the system is “set to enter the Indian market through the coming months”.

Sailfish has additionally been chosen because the OS to energy a forthcoming smartphone from Turing Robotics — one other system concentrating on the safety/professional-privateness area. The gadget makers had initially meant to make use of Android however switched to Sailfish, citing knowledge safety because the motivation.

“Sailfish OS is already operating quick on the Turing telephone, and we at the moment are working collectively to get all of the wanted software program in place,” added Saarnio in a press release. “We at Jolla consider that it’s potential to supply area of interest goal group sensible units in Finland, as Turing is now planning on doing. Our goal is to help them in one of the simplest ways we will.”

One hardware hangover for Jolla — a crowdfunded pill that needed to be canceled following the corporate’s Collection C monetary difficulties — stays, however Jolla has beforehand stated it’s going to refund all clients who do not obtain the pill.

The newest on the pill is that Jolla says it has shipped almost all out there tablets to consumers, and is continuing to satisfy promised refunds.

The refund course of will happen in two elements, with Jolla saying at the moment that it anticipates that each one funds from the primary spherical will be processed throughout April and Might 2016. The second spherical is slated to be paid inside a yr of spherical one — relying on its monetary standing. So, presumably, relying on whether or not it’s capable of safe a Collection D spherical or not.

Jolla is “within the planning part for our additional financing rounds”, Saarnio added.