Jolla receives $258 mn in funding, to unveil MeeGo-based phone next month

Jolla, the Finland-based start-up formed by ex-Nokia employees working on the MeeGo operating system, has reportedly received around 200 million Euros ($258 million) in funding, and is all set to unveil its flagship phone running on the MeeGo platform next month, as per a Wall Street Journal report. The company has raised the funding from “a variety of telecommunications players” including OEMs, chip manufacturers, operators and retailers. Jolla's chief Jussi Hurmola, also told the Wall Street Journal that the funding comes as part of a new ecosystem alliance based in Hong Kong. The company will launch the new phone with its own version of the MeeGo operating system on board, codenamed ‘Sailfish’. Jolla told the WSJ that the new OS will be ready to be licensed by device manufacturers by the spring of 2013.

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