Essential now valued at over $1 billion, before phone goes on sale

August 15th, 2017   decode   Android 7.1

We are still on the verge of knowing when the Essential PH-1 will actually becoming available to the public. Even so, Foxconn’s filing for a $3 million investment into Essential has brought the company’s valuation to about $1.2 billion, breaking past the $1 billion barrier and pegging it as a “unicorn” in the tech industry. This is according to Bloomberg columnist Tim Culpan via Twitter.

Essential was previously valued at $997 million in June following a short period of large investment backing. This was also around the time that executives were leaving the company.

Essential PH-1…

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