CREO Raises $3 Million To Build Their Own Phones And OS

 CREO, a Bangalore based  Technology Company, has secured $3 Million funding from Sequoia India, Beenext Ventures and India Quotient. Now CREO isn’t your usual Indian startup that’s developing the 100th food tech solution or providing laundry services. CREO is a part of an exclusive niche of global companies that produce smartphones by developing both a proprietary software OS and the smartphones themselves.

“The idea of building an Android based Operating System for a Smartphone stemmed from the realization that in the current market, while hardware is getting better very fast, there is not enough differentiation on the software front. We want to be the ones bridging that gap.”, said Sai Srinivas, CREO Co-Founder & CEO. CREO now has a team of 70 members working out of Bangalore.

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CREO will invest the funds in building an enriching and evolving software experience through their proprietary Android based Operating System and a flagship Smartphone to be launched later in the year.

Commenting on the round, Sai Srinivas, Co-Founder & CEO, CREO said, “We believe when powerful hardware works hand-in-hand with continually evolving software, magical experiences can be created. Our team is gearing up to make an operating system and a smartphone that constantly evolves to give you new experiences every month; experiences that were never heard of on any smartphone. In the long run, we also plan to license our OS to other OEMs in India and worldwide.”

Formerly known as Mango Man Consumer Electronics Pvt. Ltd., CREO’s first product offering was Teewe – an HDMI media streaming device that was launched in September 2014. Teewe 2, launched in May 2015, is being used in 50,000 households across India.

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