The London-based developer of open source operating system Ubuntu is looking to crowdsource a record breaking $32 million (£20.83 million) to produce a smartphone that runs on its software.
The cash will allow Canonical to produce 40,000 Ubuntu Edge devices that will come pre-installed with the Ubuntu Touch OS, but will also be compatible with Android.
The company hopes to raise the funds in just a month through Indiegogo, with donations being taken until 21 August. At the time of writing, $3.38 million (£2.2 million) had been raised in just one day, which is already a record for the site.
The Ubuntu mobile OS will work differently to any other smartphone OS, as when the phone is plugged into a monitor, the display will change from a smartphone display to Ubunto Desktop PC, transforming the phone into a kind of computer system unit.
The Ubuntu Edge will be a dual operating system device, running both Ubuntu OS and Android. It will pack a 4.5in sapphire crystal screen, which is resistant to all materials except diamond, claims Canonical. Its resolution will be 1,280 x 720, but Canonical says it is focusing on "colour accuracy and brightness" rather than sharpness.
The Ubuntu Edge will also carry 128GB of internal storage, at least 4GB of RAM, an 8-megapixel rear camera and a 2-megapixel front-facing one. It will also feature a yet-to-be-unannounced processor, which Canonical assures us will be the "latest, fastest processor" available at launch, which is scheduled for May 2014.
"In the car industry, Formula 1 provides a commercial testbed for cutting-edge technologies. The Ubuntu Edge project aims to do the same for the mobile phone industry - to provide a low-volume, high-technology platform, crowdfunded by enthusiasts and mobile computing professionals. A pioneering project that accelerates the adoption of new technologies and drives them down into the mainstream," said Canonical.
A pledge of $830 (£554) will get you a pre-ordered Ubuntu Edge, meaning the team is certainly looking to produce a high end device that will compete with the likes of the iPhone 5 and Samsung Galaxy S4.
"We're fascinated by converged computing, the idea that the smartphone in your pocket can also be the brain of the PC on your desk," said Canonical. "We've shaped Ubuntu so you can transition seamlessly between the two environments."
Under the terms of the funding, Canonical will not receive any of the donations unless the full target it reached.