Osom Products Closure: The End of a Privacy-Promising Smartphone
Osom Products Closure: The End of a Privacy-Promising Smartphone
Osom Products is shutting down, marking the end of a venture aimed at privacy-focused smartphones. The company, established by ex-Essential employees, released just one phone— the Osom OV1.
Amidst financial troubles and legal disputes, Osom has confirmed its closure, leaving a legacy of ambitious but unfulfilled promises in the tech industry.
Financial Issues and Legal Troubles
The news comes shortly after Osom's former chief privacy officer sued the company, claiming that it was out of money due to the CEO misusing business funds for personal expenses.
Announcement of Shutdown
During an internal meeting on Tuesday, executives announced their decision to shutter the company, stating that most employees would be laid off, but would receive severance pay.
Company Background
- Osom was founded by Jason Keats and former Essential employees.
- Its goal was to create privacy-focused products, including the Osom OV1 smartphone.
- In a partnership with blockchain company Solana, Osom aimed to launch a new version of the OV1.
Although some engineers will remain to assist with a security update for the Saga smartphone, the general operations will stop by September 6th.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.