Andy Rubin’s Essential has reportedly raised $300 million



Hype hasn’t been an issue for Andy Rubin’s new hardware startup, Essential. Speculation has been circling the Android founder’s next move since he unceremoniously parted ways with Google.

Funding, it seems, hasn’t really been a problem, either. Bloomberg is reporting that the nascent smartphone maker has raised $300 million to bring its technology to the masses.

A spokesperson for the company declined to offer TechCrunch a comment on the matter, though the report does seem to jibe with Rubin’s recent appearance on stage at the Code conference several days after the filing, where he told the crowd, “We’ve raised a substantial hundreds of millions of dollars.” Rubin then appeared to hold up three fingers, repeating with a smile, “Hundreds of millions of dollars that I can’t talk about.”

If true, the Series B, filed last month, puts the company’s value at a few hairs shy of a unicorn, at $993 million. That number comes from Equidate, a new firm that offers up valuations of private startups for investment firms. It tells TechCrunch that its own numbers were sourced from public filings.