London-based tech company Nothing has raised $200 million in a Tiger Global–led round, pushing its valuation to $1.3 billion as it looks to embed artificial intelligence (AI) across its hardware ecosystem. Existing investors GV, Highland Europe, EQT, Latitude, I2BF, and Tapestry also participated.
Funding Snapshot
- Amount Raised: $200 million (~₹1,670 crore)
- Valuation: $1.3 billion
- Lead Investor: Tiger Global
- Other Investors: GV, Highland Europe, EQT, Latitude, I2BF, Tapestry
Vision & Expansion
Founded in 2020 by Swedish entrepreneur Carl Pei, Nothing entered the smartphone market in 2022 after debuting with earbuds. Having shipped millions of devices and crossed $1 billion in sales, the company is now betting on AI to differentiate itself in a market long dominated by Apple and Samsung.
Nothing plans to extend its upcoming operating system beyond smartphones and audio products into smart glasses, humanoid robots, electric vehicles, and next-gen consumer tech.
Market Context
With European challengers like Fairphone and HMD Global struggling against Asian and US giants, Nothing’s AI-driven expansion represents a rare European play at scale in consumer electronics.
Final Take
Carl Pei’s bet on AI-first hardware signals that the next battle in consumer tech won’t just be about design or performance—it will be about creating intelligent, adaptive ecosystems.
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