The Android Operating System will be receiving a $100 million dollar start up fund from an investment firm in Silicon Valley. The firm responible for this start up fund is DCM, and they have come to realize that Android is the hottest OS in the tech industry.
According to what we have heard, between half a million and $4 million will be used to help shape the Android ecosystem also known as the “A-Fund”. DCM has stated that their reasoning for backing up Android is due to their massive popularity, especially in the East with Countries such as Japan, China, and Taiwan. Plus it doesn’t hurt that DCM has two offices located in both Tokyo and Beijing.
“Android is one of the fastest growing technology platforms in the world in terms of both adoption and application deployment. In the last 12 months, the number of Android enabled devices has grown 861 percent…” stated DCM’s Press Release.
Much of the funding for Android’s “A-Fund’ is coming from many different areas like Asian Mobile, GREE, KDDI, and also Tencent. With the rise of Android, plus their predicated global domination, DCM believes that Android will continue to be on the rise and it is smart to jump in now. DCM Founder, David Chao, stated ” the goal is to strike while the iron is hot,” along with also saying, “an opportunity that comes only once in a major tech cycle.”
This move will be in competition with the iFund that was put together by Kliner Perkins Caufield and Byers in 2008, and who also threw in $100 million dollars to get it started, and doubled it last year.
The A-Fund has invested in four companies so far and these companies are due to be announced next month.