Nothing raises $200 million in funding for new AI-powered operating system

Nothing has raised $200 million in a Series C funding round, bringing its valuation to $1.3 billion. The London-based smartphone maker stated that the new funding will support its transition from a smartphone-focused brand to a company building an AI-native platform where hardware and software work together as a single system. According to a company statement, the funding will be used to accelerate Nothing’s innovation roadmap and expand its distribution. The round was led by Tiger Global, with participation from existing shareholders GV, Highland Europe, EQT, and others. New strategic backers include Nikhil Kamath and Qualcomm Ventures.

What Nothing CEO Carl Pei said about the funding round