Co-founder of Android raised 300$ Million for his new startup.

Andy Rubin, the co-founder of Android started a new startup called Essential and even before Essential unveiled their first smartphone, Rubin started to raise funding from investors like Playground Global, Redpoint Ventures, Foxconn, and Tencent.



According to an analysis by Equidate; a stock market for private tech companies, Essential raised 300$ Million and is a "unicorn", a term given to tech companies when they achieve a billion dollar valuation. However, Essential declined to comment to any of these claims.

A few weeks before, Essential unveiled their first smartphone, a bezel-free device having a premium titanium casing with world class looks. The smartphone powered by a Qualcomm 835 processor, 4GB of RAM, and 128GB internal storage was also given with a 360-degree camera supporting VR/AR and was one of the most anticipated smartphones of this summer.