Jolla raises USD 12 mln

Wednesday 4 May 2016 | 08:49 CET | News
Jolla has secured new financing to contiue 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

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Categories: Mobile & Wireless
Companies: Intex Technologies / Jolla
Countries: World
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