Nothing raises $200 million funding, to launch AI-native devices next year

Nothing on Tuesday (September 16, 2025) announced that it has raised a new funding of $200 million in series C round at a $1.3 billion valuation. The funding was led by Tiger Global along with existing partners like GV, Highland Europe, EQT, Latitude, I2BF and Tapestry, and a new backing from Nikhil Kamath and Qualcomm Ventures.

The London-based tech startup said it will launch AI-native devices next year on the back of this funding.

“Products that are available to the user at the moment of need, paired with intelligence that turns understanding into action. This is a very exciting time, imagining devices that capture context across modalities and generate interfaces on demand, shaped by what the user is trying to accomplish,” said Carl Pei, CEO and Co-founder of Nothing.

The smartphone maker is also preparing to launch its next Community round soon, giving its supporters a new chance to become part of Nothing’s journey.

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In four years, Nothing said to have shipped millions of devices, in 2025 it crossed more than $1 billion in total sales, growing at 150% in 2024.

For AI to reach its full potential, consumer hardware must reinvent itself alongside it. This is the opportunity we see for Nothing, he added.

“Each system will know its user deeply, and be hyper-personalised to each individual. Interfaces will adapt to context and needs. Suggestions will surface naturally, and once we confirm an intent, agents will execute on our behalf. The system will handle the non-essential for us, allowing us to focus on what truly matters, which will be different for every person.”

Nothing’s AI OS will carry into smart glasses, humanoid robots, EVs, and whatever comes next, announced Carl. “This is the next chapter for Nothing, integrating an AI experience into our hardware devices to reinvent how technology amplifies us.”

Carl said that soon users will be carrying an additional device that will be just as important as a phone. “The smartphone, while powerful, can’t always be there for us.”