Nothing has recently completed a Series C funding round, raising a substantial $200 million, which values the company at $1.3 billion. This achievement marks a significant step forward for Nothing, as it transitions from being the sole independent smartphone brand to creating an advanced platform that combines hardware and software into an intelligent and cohesive system.
From the beginning, Nothing has believed that controlling the final distribution point in consumer technology is crucial for ushering in significant changes in the industry. While the specifics of these changes were uncertain initially, the company has now identified a distinct opportunity to transform consumer hardware in an era dominated by artificial intelligence.
Over the past four years, Nothing has established a robust system capable of delivering products quickly and efficiently, while also maintaining high quality. The company has successfully shipped millions of devices and achieved over $1 billion in total sales as it moves toward 2025, experiencing a remarkable 150% growth rate in 2024. Its success stems from an impressive design reputation, a global network for manufacturing and supply, and a community of users who actively collaborate with the brand. This strong foundation allows Nothing to develop and launch new consumer hardware products from initial concept to market readiness in a matter of months, unburdened by the limitations that older companies face.
As artificial intelligence continues to develop, Nothing is confident that the smartphone will remain a key device. Its unique ability to access contextual information and understand user preferences sets it apart. However, the smartphone experience has not undergone significant changes in recent years. Looking forward, Nothing imagines a future where operating systems are highly personalized, aware of their context, and capable of completing tasks for users. They foresee systems that can adapt interfaces on the fly and manage less critical tasks, freeing individuals to concentrate on what truly matters to them.
This vision is not confined to smartphones alone; it also encompasses audio devices, smartwatches, and, eventually, smart glasses, as well as humanoid robots, electric vehicles, and other innovative technologies. With its unique position—controlling the last-mile distribution and understanding user needs—Nothing is well-positioned to create an AI operating system that improves daily life through personalized experiences.
In the coming years, Nothing expects to see the emergence of a new generation of AI-native devices that will enhance smartphone capabilities by providing real-time intelligence and context-aware interactions. These new devices will be designed to assist users precisely when they need help, no matter the circumstances. The company has plans to unveil its first AI-native products in 2026, and the anticipation is building.
The Series C funding round was led by Tiger Global, with ongoing support from other investors like GV, Highland Europe, EQT, Latitude, I2BF, and Tapestry. Additionally, strategic new investors, such as Nikhil Kamath and Qualcomm Ventures, have decided to come on board. This financial boost will propel Nothing’s innovative plans forward and enhance its ability to distribute products globally.
Beyond traditional investment avenues, Nothing is also preparing to launch an upcoming Community round, providing supporters with another chance to be a part of the company’s exciting journey. Details about this opportunity will be shared soon.
