Nothing secures $200Mn at a $1.3Bn valuation to introduce AI-powered devices in 2026

Nothing, the patron know-how model based by OnePlus co-founder Carl Pei, has raised $200 million in a Series C funding spherical that values the corporate at round $1.3 billion. The funding was led by Tiger Global, with participation from GV, EQT, Latitude, Tapestry, Highland Europe, Qualcomm Ventures, and Indian entrepreneur Nikhil Kamath. According to the corporate, the recent capital might be used to develop a brand new technology of AI-native gadgets, that are anticipated to reach in 2026.

Nothing, based in 2020, has up to now raised round $500 million throughout a number of funding rounds. Before this newest funding, it secured $50 million in 2021, adopted by $70 million in March 2022 and one other $96 million in June 2023. In phrases of efficiency, earlier this 12 months the corporate revealed it had surpassed $1 billion in cumulative gross sales. Last 12 months (in 2024), it recorded about $500 million in income with 150% year-on-year progress, and has shipped round 7 million gadgets worldwide. Just a couple of months in the past (in July 2025), the corporate launched its first flagship smartphone, the Phone (3).

Meanwhile, with its newest funding, the corporate plans to develop past its present portfolio and pioneer gadgets constructed round synthetic intelligence (AI) from the beginning. The firm claims that these new merchandise will combine AI on the core slightly than simply including it as a characteristic, enabling extra customized and context-aware consumer experiences.

Although Nothing has not shared precise particulars about its upcoming merchandise, the corporate has hinted that it desires to go far past simply smartphones and earphones. Its future plans might embody sensible glasses, linked dwelling devices, robotics, and even electrical autos. The firm’s long-term imaginative and prescient is perhaps to create an ecosystem of gadgets that transfer past primary capabilities. These merchandise could possibly be designed to work collectively and use rising applied sciences like AI in a broader means.

Carl Pei has identified that synthetic intelligence (AI) can solely be as helpful as the knowledge it will get from the gadgets individuals use day by day. If the {hardware} is proscribed, then the AI additionally turns into restricted. Therefore, the corporate desires to design gadgets which can be constructed with AI in thoughts from the very starting. And by doing this, the agency believes it may possibly create a lot smarter merchandise.

However, regardless of all such efforts, the corporate has confronted a number of controversies and challenges in current months. For instance, in August 2025, it was criticized for utilizing inventory pictures in retail demo items of the Nothing Phone (3), which have been offered as real digital camera samples. The Phone (3) additionally drew backlash over its design and pricing. Earlier, in November 2023, the corporate’s ‘Nothing Chats’ app, developed with Sunbird, was pulled from the Google Play Store inside 24 hours attributable to safety flaws, together with unencrypted messages and media being despatched to third-party providers.

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