Consumer Tech Brand Nothing Raises $50 Million, Announces Cooperation with Qualcomm
Nothing, a new and forward-thinking London-based consumer technology company, announced on Tuesday that it has raised $50 million in a Series A+ round of financing recently and has reached various cooperation agreements with Qualcomm Technologies.
With the new funding, the company says it plans to further invest in R&D. Future Nothing products will make use of Qualcomm’s Snapdragon chips and audio platforms for its ecosystem of products.
Nothing previously raised $7 million in November 2020 and $15 million in February 2021. Its investors include Google Ventures, video creator Casey Neistat, Twitch co-founder Kevin Lin, Reddit founder Steve Huffman and so on.
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In August this year, Nothing released its first true wireless stereo headset called ear (1), which sold more than 100,000 units in just over a month. Although it is not sold in the Chinese domestic market at present, the unique design and excellent noise reduction of ear (1) have aroused the interest of many domestic consumers. On second-hand trading platforms, its price exceeds 1000 yuan ($155).