Essential confirms $300M funding, Amazon and Best Buy retail availability

Amazon just backed the smartphone company created by the founder of Android

Rubin notes that the Essential Phone is now "in full mass production" and "ramping up".

Are you planning on buying the Essential Phone once it launches?

In addition, the startup unveiled that it has raised $330 million in its latest round of funding from a large roster of investors that includes Amazon, Tencent, Access Technology Ventures, Vy Capital, and Australia's sovereign-wealth fund. Equidate, a marketplace for private-company shares, estimates Essential's valuation at $1 billion.

Andy Rubin co-founded Android before he sold it to Google.

Instead, Essential has committed to announcing the release date to its premier Android smartphone in a week.

Earlier on Wednesday, the company announced that it's closed a new round of funding.

So, if you didn't like hearing that the Essential phone will be an in-store carrier exclusive for Sprint, you'll at least have the option to buy an unlocked device from Amazon. With an innovative and sleek design, modular capabilities, and unique ceramic-titanium body, the Essential Phone certainly captured the attention of tech enthusiasts around the world. Rubin, Essential's founder and CEO, has said Essential Home will be created to interact with various smart home ecosystems and will allow owners to use Amazon's Alexa virtual assistant to control their device.

Rubin said his new phone could find its place by disrupting that duopoly and offering customers something different.

Amazon, Tencent, and Foxconn - Apple's manufacturing partner - have all come on board as strategic investment partners for Essential. This is in addition to Sprint being the exclusive carrier for the Essential Phone, though all versions will be unlocked and usable on all USA networks.

"Essential Products has a compelling vision and roadmap for connected devices that integrates voice technology in novel ways", Paul Bernard, director of corporate development for the Alexa Fund, said in a statement.

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