Nothing closes $200M Series C led by Tiger Global, plans AI-first device launch
Smartphone startup Nothing announced today that it closed its Series C round of $200 million, which was led by the investment firm Tiger Global. With this round, the consumer electronics company is now valued at $1.3 billion. Other investors in the round included existing backers such as venture outfits GV, Highland Europe, EQT, Latitude, I2BF, and Tapestry. The company, founded by Carl Pei — who previously co-founded Chinese smartphone maker OnePlus, known for high-performance devices at competitive prices — also received new strategic backing from Nikhil Kamath and Qualcomm Ventures. The new funding takes Nothing’s total funding to over $450 million. “Carl and the team at Nothing are reimagining hardware and software with an AI overlay to position their products for…
