London-based tech startup Nothing has closed a $200 million Series C funding round, valuing the company at approximately $1.3 billion.
The round was led by Tiger Global, with participation from existing investors GV, Highland Europe, EQT, Latitude, I2BF, and Tapestry, as well as new strategic backers including Qualcomm Ventures and Nikhil Kamath.
Nothing plans to use the funds to double down on its innovation roadmap, particularly to build what the company refers to as “AI-native” devices set to launch in 2026. These devices will complement its existing portfolio of smartphones, audio products, and wearables, rather than replace them.
Among the company’s goals is to develop a deeply contextual and adaptive operating system, one that understands user context across different modalities, and surfaces interfaces and functionalities on demand.
Additionally, Nothing intends to scale its distribution networks and global footprint, including an upcoming “community round” to allow supporters and the public to participate in investment.
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