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4w ago

Nothing Raises $200 Million at $1.3 Billion Valuation to Accelerate AI-First Devices

Strong recent sales underpin a planned retail investor round during a pivot to AI-native products.

Carl Pei of Nothing
Nothing phones are known for their semi-transparent design and dot-matrix inspired software
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Overview

  • The Series C was led by Tiger Global and lifts Nothing’s total funding to more than $450 million.
  • Existing investors included GV, Highland Europe, EQT, Latitude, I2BF and Tapestry, with new strategic backing from Qualcomm Ventures and Nikhil Kamath.
  • Nothing says it will launch an AI-first device next year and is building an operating system focused on AI-driven personalization.
  • The company hired Sélim Benayat to lead its AI services efforts.
  • Nothing reported crossing $1 billion in total sales this year and 150% growth in 2024, and it is preparing a community round for retail investors.