This is surprising, given that the company has not sold any device.
The company Essential, which is a new start-up Andy Rubin, was a unicorn. This was reported by Bloomberg in his Twitter. In the jargon of Silicon valley unicorn call a company that is valued at more than a billion dollars. It is reported that Essential is estimated at $ 1.2 billion.
Recently the company raised three million dollars, which accounted for approximately 0.25% of its value. The investor was made by FIH Mobile, a subsidiary of Foxconn. Business Insider reported in July that the Essential is estimated at 997 million dollars, so that the estimate of one billion was expected.
While it is unknown whether the company is the Creator of Android expectations. The launch of the first smartphone was postponed for more than a month. 12 Aug Andy Rubin announced that the first customers will receive the smartphone in the week.
Source: The Verge