Overview

• Tiger Global led the Series C, lifting Nothing’s total funding to more than $450 million alongside existing investors GV, Highland Europe, EQT, Latitude, I2BF and Tapestry.
• CEO Carl Pei said the company will debut its first AI‑native devices in 2026, describing them as products separate from smartphones.
• Nothing outlined plans for an AI‑first, hyper‑personalized operating system that will start on phones, audio products and smartwatches, then expand to categories such as smart glasses.
• The company reported crossing $1 billion in cumulative sales early this year after shipping millions of devices and growing revenue about 150% in 2024.
• Nothing hired Sélim Benayat to lead AI services and said the new capital will accelerate product development and scale its global distribution.