Essential, Andy Rubin's new phone company, was able to raise $300 million in a recent financing round. Investors must have been impressed by Essential and its future projects, such as the PH-1 and Essential Home. The total valuation for the company determined during financing was set somewhere between $900 million and $1 billion. These are all pretty big numbers for a company that hasn't actually made anything yet, but the weight of Andy Rubin at the helm must have been a contributing factor.

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