US-based smart devices producer Essential has raised “hundreds of millions of dollars” from investors including contract manufacturer Foxconn and internet company Tencent, Axios reported on Tuesday.
Conglomerate Access Industries, through its investment arm Access Technology Ventures, has also put money into Essential, as did VY Capital, Altimeter Capital, Redpoint and Playground.
Playground and Redpoint provided an initial $30m in funding, though Essential has not revealed additional details about the second funding round.
SoftBank was due to commit capital to the…
