SHARING AMERICA'S TECH NEWS FROM THE VALLEY TO THE ALLEY
by Theo Merz courtesy TheTelegraph
The British software developer Canonical broke crowdfunding records on the site Indiegogo, but still fell around $20m (£12.8m) short of what it needed to develop the phone.
Anyone who supported the project – including Bloomberg, who invested $80,000 (£51,000) in the campaign – will have their money returned over the next week, according to Mark Shuttleworth, the company’s chief technology officer.
He said consumers would still be able to use Ubuntu phones, despite the Edge failing to reach its target on the site.
“So ends a crazy month,” the CTO wrote in a statement. “We’ve broken records, we’ve been written and talked about across the world, we’ve worn out our F5 keys, and we’ve learned a lot of invaluable lessons about crowdfunding.
“Our bold campaign to build a visionary new device ultimately fell short, but we can take away so many positives.
“The big winner from this campaign is Ubuntu. While we passionately wanted to build the Edge to showcase Ubuntu on phones, the support and attention it received will still be a huge boost as other Ubuntu phones start to arrive in 2014.
“Thousands of you clearly want to own an Ubuntu phone and believe in our vision of convergence, and rest assured you won’t have much longer to wait.”
Canonical made a final push for investment in the last days of the campaign and saw money coming in until the final hours, but ultimately raised only $12.8m (£8.2m) of the $32m target.
The Ubuntu Edge broke crowdfunding records on the first day of its campaign, raising $3.5 million (£2.2m) in just 24 hours. But after that the rate of contributions decreased.
Last week it broke a further record, surpassing $10m (£6.4m) of pledges, but it was already clear the device was unlikely to reach its target.
The planned Ubuntu Edge was to have a 4.5-inch 1,280 x 720 HD display with “pure sapphire crystal” touchscreen rather than glass.
It would have come with a 8MP rear and 2MP front camera, and run both the Ubuntu phone operating system, which launched in January 2013, and Google Android.
Thank you, TiA