Purism Crowdfunding Launched
The first public offering on StartEngine crossed the US$ 100,000 mark within 48 hours of launch.
Investing in Purism is not only possible but, for the first few days, they'll be adding bonus incentives to do so.
Purism has joined StartEngine so that the public can invest in the company so that it can continue cultivating a movement with top-tier computers, phones, and services.
According to Purism's StartEngine page, the reasons to invest include an alternative to big tech electronics that are made in the United States and market traction.
The company has shipped tens of thousands of devices to help consumers avoid big tech lock-in. According to Purism, the company "creates an alternative technology ecosystem to compete against the dominance of the tech giants and stands out in the market by offering peer-reviewable, privacy-respecting, and security-focused products. The strong belief that technology should serve its users and not exploit them is what drives our team of experts to provide easy-to-use products that empower individuals."
The minimum investment is $500 (at $4/share) and the current stats are $202,176.56 raised, 77 investors, and a $75M valuation. The company achieved $8M in revenue for the 2022 years, showcasing solid year-over-year growth from $5M in 2021. They've grown mostly from initial crowdfunding revenue ($2.5M raised for the Librem 5 phone, over $400,000 for the Librem 13 laptop, and nearly $600,000 for the Librem 15 laptop).
Head to the Purism StartEngine page to learn more about this investment opportunity.
Subscribe to our Linux Newsletters
Find Linux and Open Source Jobs
Subscribe to our ADMIN Newsletters
Support Our Work
Linux Magazine content is made possible with support from readers like you. Please consider contributing when you’ve found an article to be beneficial.
News
-
Systemd Fixes Bug While Facing New Challenger in GNU Shepherd
The systemd developers have fixed a really nasty bug amid the release of the new GNU Shepherd init system.
-
AlmaLinux 10.0 Beta Released
The AlmaLinux OS Foundation has announced the availability of AlmaLinux 10.0 Beta ("Purple Lion") for all supported devices with significant changes.
-
Gnome 47.2 Now Available
Gnome 47.2 is now available for general use but don't expect much in the way of newness, as this is all about improvements and bug fixes.
-
Latest Cinnamon Desktop Releases with a Bold New Look
Just in time for the holidays, the developer of the Cinnamon desktop has shipped a new release to help spice up your eggnog with new features and a new look.
-
Armbian 24.11 Released with Expanded Hardware Support
If you've been waiting for Armbian to support OrangePi 5 Max and Radxa ROCK 5B+, the wait is over.
-
SUSE Renames Several Products for Better Name Recognition
SUSE has been a very powerful player in the European market, but it knows it must branch out to gain serious traction. Will a name change do the trick?
-
ESET Discovers New Linux Malware
WolfsBane is an all-in-one malware that has hit the Linux operating system and includes a dropper, a launcher, and a backdoor.
-
New Linux Kernel Patch Allows Forcing a CPU Mitigation
Even when CPU mitigations can consume precious CPU cycles, it might not be a bad idea to allow users to enable them, even if your machine isn't vulnerable.
-
Red Hat Enterprise Linux 9.5 Released
Notify your friends, loved ones, and colleagues that the latest version of RHEL is available with plenty of enhancements.
-
Linux Sees Massive Performance Increase from a Single Line of Code
With one line of code, Intel was able to increase the performance of the Linux kernel by 4,000 percent.