Nothing closes $200M Series C led by Tiger Global, plans AI-first device launch
Nothing, the consumer tech company founded by Carl Pei, has raised $200 million in a Series C funding round led by Tiger Global. The latest investment values the company at $1.3 billion. The company plans to use the new funds to accelerate its product roadmap, including the launch of its first AI-powered device. Nothing has already released its Ear (1) and Phone (1) products, which have received positive reviews. The Series C round follows a $70 million Series B round in 2021 and a $15 million Series A round in 2020. The company's investors also include GV (formerly Google Ventures), EQT Ventures, and Flipkart co-founder Sachin Bansal. Nothing's goal is to create a connected ecosystem of products that challenge the status quo in the tech industry. The company's focus on design, user experience, and sustainability sets it apart from traditional consumer electronics brands.
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