Nothing

Nothing is a London-based consumer technology company founded in 2020 by Carl Pei, previously co-founder of OnePlus, with a mission to put "design and imagination back at the heart of technology" . The company positions itself as an AI-native platform builder, aiming to integrate hardware and software into a unified intelligent system rather than remaining a standalone smartphone maker .

Nothing has developed a distinctive product line centered on transparent, design-forward electronics. Its portfolio includes the Ear (1) and Ear (2) wireless earbuds, the Phone (1), Phone (2), Phone (2a), and Phone (3) smartphones, and as of July 2025, its first over-ear headphone, the Headphone (1), co-tuned with British audio brand KEF . The Phone (3) introduced AI-driven features including Essential Search and Essential Space, tools designed to reduce friction in information retrieval and creative workflows . The company's user base skews young—averaging 26 years old, roughly a decade below industry norms—with design cited as the primary purchase driver for over 60% of customers .

Financially, Nothing has raised multiple rounds including a $70 million Series B in March 2022 led by EQT Ventures and C Ventures, with participation from GV, Future Shape, and Gaorong Ventures ; a $96 million round in 2023 led by Highland Europe ; and a $200 million Series C in 2025 at a $1.3 billion valuation led by Tiger Global, with Qualcomm Ventures joining as a new strategic investor . Gaorong Ventures, which first invested in 2022, has continued to back the company through these rounds . By mid-2025, cumulative revenue exceeded $1 billion and total device sales surpassed 7 million units .