Nothing, the technology company founded by Carl Pei in 2020 after leaving OnePlus, has raised $200 million in a Series C funding round. This investment brings the company’s market capitalization to $1.3 billion. This investment will allow the company to develop AI-focused products. Here are the details.
Nothing is planning an AI-based future
The funding round was led by Nothing’s new partner, Tiger Global, and continued support from existing shareholders such as GV, Highland Europe, and EQT, which have previously invested. Among the most notable new investors are Qualcomm Ventures and Indian entrepreneur Nikhil Kamath.
In a post on the X platform, Carl Pei stated that Nothing has “shipped millions of devices in four years and will exceed $1 billion in total sales by 2025.” He also added that they have achieved 150% growth in 2024.
Discussing Nothing’s future goals, Pei said, “To keep pace with AI, consumer hardware needs to reinvent itself. Therefore, we will launch our first AI-focused devices next year.”
On the software front, Pei shared his vision of “a billion different operating systems for a billion different people.” This vision envisions each operating system deeply understanding its user, being highly personalized, adaptive, and proactive.
According to this shared vision, operating systems will handle the unimportant tasks for users, allowing people to focus on what truly matters. Nothing will initially launch this system with smartphones, audio products, and smartwatches. Carl Pei also stated that this operating system will expand to all other form factors, such as smart glasses, humanoid robots, and electric vehicles, in the future.
So, what are your thoughts on this? Share your thoughts in the comments.
