Essential Products
HardwareUSAClosed 2020
Total Raised
$330M
Peak Valuation
$1B
Employees
—
Year Collapsed
2020
Business model
Premium Android smartphone (Essential Phone) with a modular accessory ecosystem.
In brief
Founded by Android's co-creator with huge early hype, aiming to build a "no-compromise" flagship phone independent of Apple or Samsung. The Essential Phone shipped late, sold poorly against entrenched flagship competitors, and a promised second-generation device never shipped; th…
See the What Happened tab for the full account.
Key facts
- Founded
- 2015
- Closed
- 2020
- Headquarters
- Palo Alto, USA
- Industry
- Hardware
- Employees
- —
- Revenue
- Undisclosed
- Founders
- Andy Rubin
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Often compared with: Apple (iPhone), Samsung (Galaxy).