Jolla has secured new financing to continue development of its Sailfish mobile operating system. With the USD 12 million in fresh cash, the company said it's recruiting new software developers to strengthen its product development. After running into "financing challenges" last autumn, Jolla has also entered into an agreement with its main creditors, and has canceled its debt restructuring application in Finland.
Going forward it will focus on developing and licensing its software and withdraw from the hardware business. The company said the latest fundraising should be enough to take it through the rest of this year.
Jolla also confirmed that it's nearing completion of the Intex Aqua Fish phone, developed with Intex Technologies, and the device is set to enter the Indian market "during the coming months". Another new project for Jolla is with Turing Robotics Industries, with whom Jolla has a Sailfish OS licensing agreement and is developing the software for the upcoming Turing smartphone.
In addition, Jolla is planning a new programme for Sailfish OS developers and community members. This will include "a special device related treat" and will be announced in the coming weeks.
