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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

Related failures

Often compared with: Apple (iPhone), Samsung (Galaxy).