Nothing, the tech company, founded by OnePlus co-founder Carl Pei, is not unknown to many, especially those who have heard of the Nothing ear (1). Today, the company has announced that it has raised $50 million from strategic and private investors alongside announcing its partnership with American chipmaking giant Qualcomm. A source says that the company raised investments from Swedish DJs Christofer Axwell Hedfors and Sebastian Ingrosso. The company was earlier backed by GV, the venture capital investment arm of Alphabet Inc. Tony Fadell, the designer of Apple iPod, Twitch co-founder Kevin Lin and Reddit CEO Steve Huffman, also backs the company.
The company revealed that the funding it received would be used for R&D so that it can make its entry to other product categories in the future. And regarding the partnership with Qualcomm, the company, in a press statement, said that Qualcomm’s Snapdragon platform would power their future products.
We’re excited to be working with @Qualcomm to power our growing tech ecosystem.
Over the last year, we’ve seen that there’s a space for a challenger in the tech world. This partnership will play a big role in achieving our vision.
Here’s to the future.
— Nothing (@nothing) October 13, 2021
Qualcomm already powers many devices already, from smartphones to cars. The company is probably hoping to use Qualcomm’s tech and the penetration into many kinds of products to make an entry into other product categories after the ear (1) appeared to be a very successful audio product. It could be possible to see a whole ecosystem of devices powered by Qualcomm in the future.
In a press statement, Carl Pei, co-founder and CEO of Nothing, said, “The successful launch of our first product, ear (1), proved that there is room for a new challenger brand to emerge and disrupt today’s sea of sameness. Users deserve better products that are simpler to use, accessible, yet look amazing,”
Carl Pei had earlier co-founded OnePlus, and later, he left to start Nothing. The company’s first product was Nothing ear (1), transparent TWS earbuds that offer Active Noise Cancellation. It was priced at just $99 and launched across many regions worldwide in August. Within the first two months, more than 100,000 Nothing ear (1) were sold, and now it looks like Nothing may start teasing something new and could be already working on their new product.
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