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Nothing closes $200M Series C led by Tiger Global, plans AI-first device launch
Carl Pei's Nothing is raising $200 million in a Series C round from Tiger Global at a $1.3 billion valuation.
The company, founded by Carl Pei — who previously co-founded Chinese smartphone maker OnePlus, known for high-performance devices at competitive prices — also received new strategic backing from Nikhil Kamath and Qualcomm Ventures. Notably, its recently launched Phone (3) — which showcases the company’s signature transparent design aesthetic and unique user interface — was only its second handset to receive general distribution in the U.S. The startup has hired Sélim Benayat, a former executive from Linktree and founder of Bento (a platform that creates personalized landing pages for social media profiles), to lead its AI services efforts.
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