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Ubuntu Edge misses target by $19M margin

The smartphone project was aiming for $32 million, but raised just $12.8 million -- still the most money ever pledge on Indiegogo. Backers say there's still a bright future for Ubuntu phones.

Ubuntu Edge
Rich Trenholm / CBS Interactive

The Ubuntu Edge has failed to hit its ambitious crowdfunding target by a whopping $19 million. The open-source mobile had aimed for the stars with a goal of $32 million, but fell far short, ending up with $12.8 million.

The phone won't now be produced and all funds will be returned to contributors, within five working days.

It's still the most money ever pledged on Indiegogo, the crowdfunding site used for the campaign, and it tops Kickstarter's record of $10.3 million for the Pebble smartwatch.

See also: Why the Ubuntu Edge is a success, even if it never exists

The Edge was created by British company Canonical, which is behind the Ubuntu operating system.

"While we passionately wanted to build the Edge to showcase Ubuntu on phones, the support and attention it received will still be a huge boost as other Ubuntu phones start to arrive in 2014," Canonical boss Mark Shuttleworth wrote in a post on Indiegogo.

Read more of "Ubuntu Edge phone misses funding target by nearly $20m" at Crave UK.