Tech consumer brand Nothing raises $50 million in extended Series A round of funding and announces collaboration with chipmaker Qualcomm Technologies Inc.
Consumer Technology Company, Nothing, started by OnePlus co-founder Carl Pei, secured $50 million investment from strategic and private partners in an extended Series A round of funding, bringing its total funding to $74 million to date. The company also announced its partnership with U. S-based chipmaker Qualcomm Technologies; Nothing will use Qualcomm’s Snapdragon chips in future devices.
Founder Carl Pei said in the press release that seamless connectivity was paramount for achieving Nothing’s vision of a future devoid of barriers between people and technology. He also said that they were looking forward to working alongside Qualcomm Technologies and their strategic investors to succeed in Nothing’s next growth phase.
On 1st August, Nothing launched its first consumer technology device named ear (1) — transparent ear buds with active noise cancellation sold at retail price $99 in the United States. Nothing has sold more than 100,000 units if the ear (1) wireless earbuds in just two months.
Nothing is backed by Alphabet Inc.’s GV, designer of Apple iPod — Tony Fadell, Twitch co-founder Kevin Lin, and Reddit CEO Steve Huffman. The company had raised $15 million in a Series A round in January.