London-based consumer technology company Nothing has secured $200 million in Series C funding at a valuation of $1.3 billion.
The funding round was led by Tiger Global, with participation from existing investors including GV, Highland Europe, EQT, Latitude, I2BF and Tapestry. New strategic investors include Nikhil Kamath and Qualcomm Ventures.
Fresh fund to boost artificial intelligence-native devices
The company plans to leverage the fresh funds to accelerate its innovation roadmap and expand distribution as it transitions toward artificial intelligence-native devices. Nothing intends to launch its first AI-integrated products in 2026, starting with smartphones, audio products and smartwatches before expanding to smart glasses, robotics and electric vehicles.
Pei foresees hyper-personalised operating systems
“We see a future where operating systems are significantly different from the ones today,” said Carl Pei, CEO and co-founder of Nothing. “Each system will know its user deeply, and be hyper-personalised to each individual.”
The company is also planning to launch a community funding round, which will allow retail supporters to participate in the company’s growth. Additional details on the community round will be released shortly, it said in a statement.
Founded in 2020, Nothing has established itself as a smartphone and wearables manufacturer. It reported crossing $1 billion in total sales as it entered 2025, with 150% growth recorded in 2024.