The Smart Telephone startup nothing announced today that it closed its round C of $ 200 million series, which was directed by the Tiger Global investment firm. With this round, the consumer electronics company is now valued at $ 1.3 billion.
Other investors in the Round included existing sponsors, such as GV risk teams, Highland Europe, EQT, Latitude, I2BF and Tapestry. The company, founded by Carl Peii-Who, previously co-founded the Chinese In smartphone manufacturer OnePlus, known for high-performance devices at competitive prices, also received a new strategy from Nikhil Kamath and Qualcomm Ventures. The new financing takes Nothing is total financing To more than $ 450 million.
“Carl and the team in Nothing are reinventing hardware and software with an IA overlap to position their products for the next personal technology era. We are excited to associate with this exceptional team while they are pioneers in AI native experiences,” said Matt Watcher, a partner.
The company said it will open another community financing round. In the previous community, the company raised $ 11.5 million in total.
The company has bet on design differentiation so far, and has served the startup well. Nothing says it registered $ 1 billion in total sales earlier this year. An early investor in the startup told TechCrunch that they are happy with the company’s growth trajectory and the way to profitability.
The startup said that until this point, it has spent time building a supply and infrastructure chain to launch a product in a matter of months and send it worldwide. In particular, your recent telephone launched (3), which shows the transparent design aesthetics of the company’s company and the single user interface, was only your second phone to receive General distribution in the United States.
Nothing is less than 1% market share worldwide, but in India, its largest market has managed to obtain a 2% participation, according to the IDC analysis firm. The company has sent 5.1 million units to date, with the company shipping in one million units only in the second quarter of 2025. IDC said that its global expansion has been slow since 80% of its units are still sold in Asia.
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PEI has said that he hears to point to his brand towards the next generation of users who could see alternatives beyond the headlines.
“The way we have differentiated our brand and differentiated our products really resonate with our group of consumers. We are pointing to the next generation. They are interested in technology. They are interested in creativity and design, and we really find resonance between that group of consumers,” he told Techcrunch during the Telephone launch (3) In July.
Highland Europe’s partner, Tony Zapalà, who is an investor in the company, said the company has fulfilled its promises and has space to grow in this huge industry. He said that nothing is now a recognized name in the industry, which has its own advantages in terms of attracting talent and building supply chain relationships.
Vision of AI
The company wants to build an operating system with AI and customization characteristics that can extend beyond smartphones. Currently, we have only seen a few glimpses of AI in the operating system with Characteristics such as essential searchAn intelligent search function that helps users find information on their device. The startup has hired Selim Benayat, a former Linktree executive and founder of Bento (a platform that creates personalized destination pages for social media profiles), to lead their IA services efforts.
Zapalà said that the challenge to build such an operating system is both an experience of the client and a trusted problem.
“I think that the challenge of building an effective experience of Ai-Five is not exclusive to nothing. This is more than a technical challenge; the characteristics of AI must reach a stage in which users do not review the way out twice,” he said.
Companies like Apple have Fought to integrate the characteristics of effective In their operating systems. For nothing, the difficulty is to find the correct balance between novelty and help by executing the characteristics of AI.
PEI believes that smartphones remain the best way to deliver AI, and will be “the dominant factor for all requests for consumers” for at least three to five years, said the conversation with Techcrunch in July.
With this fund collection announcement, the company said it plans to launch an AI device first next year. However, there are many success stories in the AI hardware space. IA Hardware Start Humane was sold to HP After fighting with its AI Pin device, and the Rabbit’s assistant company has been working to improve its R1 device, releasing a New software update Recently after the company was not satisfied with the first iteration.
