Nothing Raises $65 Million Series A Extension, Partners With Qualcomm to Bring Snapdragon-Powered Devices

Nothing says the latest funding will be used towards R&D for entering into new product categories.

By Jagmeet Singh | Updated: 13 October 2021 14:41 IST

Photo Credit: Nothing

Nothing started its journey with the Ear 1 earbuds earlier this year

Highlights

Nothing has raised $50 million in Series A extension
Carl Pei plans to offer seamless connectivity on Nothing’s devices
Qualcomm will power Nothing’s future devices through Snapdragon chips

Nothing on Wednesday announced that it had completed a Series A extension funding of $50 million (roughly Rs. 376.20 crores) from strategic and private investors including Swedish DJ duo Axel and Christofer Hedfors and Sebastian Ingrosso. The London-based company led by OnePlus Co-Founder Carl Pei also announced its partnership with Qualcomm Technologies to use its Snapdragon platform for powering future tech devices. Nothing started its journey by introducing the Ear 1 true wireless stereo (TWS) earbuds earlier this year.

The funding will be used towards research and development (R&D) in preparation for Nothing's entry into new product categories, the company said in a statement.

Nothing has not revealed details about its next offering yet. However, the company suggested that it would expand its product lineup by adding new connected devices through its partnership with Qualcomm.

Samsung Wins Patent for a Tri-Fold Smartphone With Specialised Barrier Layer for Improved Durability

“Seamless connectivity is paramount to achieving our vision of a future without barriers between people and technology,” said Carl Pei, CEO and Co-Founder of Nothing. “We look forward to working alongside Qualcomm Technologies and our strategic investors to achieve Nothing's next phase of growth.”

Qualcomm has a range of Snapdragon chipsets that Nothing would be able to use to enable wireless connectivity on its future devices. It is, though, unclear whether the young company is ready to enter the fast-growing smartphone market directly or has plans to bring some Internet of Things (IoT) devices in the initial stage.

“We are excited to help Nothing bring to life its highly anticipated ecosystem of tech products,” said Enrico Salvatori, Senior Vice-President and President, Qualcomm Europe/MEA. “By combining the power and efficiency of Snapdragon mobile platforms with 5G connectivity across many different categories of devices, we are fostering the development of innovative products that are intended to benefit consumers and deliver richer, more immersive experiences.”

Nothing Ear 1 True Wireless Earphones Launched in India

Carl Pei left OnePlus last year to start Nothing as his new venture. In July, the company brought the Nothing Ear 1 as its first device. The earbuds offer an eye-catchy transparent build alongside offering features such as active noise cancellation and cross-platform support.

Nothing Becomes Sole Owner of Smartphone Company Essential

In the two months since their sale began, the Nothing Ear 1 earbuds have surpassed global shipments of 100,000 units. They also received a price cut during the recent Flipkart Big Billion Days sale.

Can Nothing Ear 1 — the first product from OnePlus co-founder Carl Pei's new outfit — be an AirPods killer? We discussed this and more on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.

Affiliate links may be automatically generated - see our ethics statement for details.

Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.