Carl Pei's Nothing raises $50 mln, partners with Qualcomm

The company launched its first device - a transparent earbud in August and sold more than 100,000 of those in the first two months.

October 14, 2021 12:09 pm | Updated 12:09 pm IST

Carl Pei, co-founder of OnePlus. File

Carl Pei, co-founder of OnePlus. File

Technology company Nothing, founded by OnePlus co-founder Carl Pei, on Wednesday said it has raised $50 million from strategic and private investors, and has partnered with U.S. chipmaker Qualcomm.

(Sign up to our Technology newsletter, Today's Cache, for insights on emerging themes at the intersection of technology, business and policy. Click here to subscribe for free.)

The company launched its first device - a transparent earbud in August and sold more than 100,000 of those in the first two months.

A tie-up with Qualcomm, whose chips are present in a range of devices from cars to phones, would help Nothing to build future products.

"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," CEO Pei said in a statement.

UK-based Nothing's backers include GV, Tony Fadell, designer of Apple Inc's iPod, Twitch co-founder Kevin Lin and Reddit CEO Steve Huffman. It had raised $15 million in a Series A round led by GV, formerly GoogleVentures, in January.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.