London-based consumer tech brand Nothing is not a new name anymore when it comes to hardware and software. The brand's CEO and co-founder, Carl Pei has today announced that the company is now a billion dollar tech venture.
In an official X post, Pei has revealed that Nothing is now valued at $1.3 billion. The brand has been able to achieve this feat thanks to its latest round of Series C funding of $200 million, led by Tiger Global.
Today, @nothing raised $200M Series C at a $1.3B valuation.
— Carl Pei (@getpeid) September 16, 2025
This marks the start of our next chapter: From building the only new smartphone company of the last decade, to creating an AI-native platform where hardware & software converge.
Grateful to our community who’ve been… pic.twitter.com/RdgX7JU7Ke
The Phone (3) maker is now backed by Qualcomm Ventures and Nikhil Kamath, co-founder of Zerodha. It also includes existing backers like GV, Highland Europe, EQT, Latitude, I2BF and Tapestry.
Pei claims that this new inflow of investment will help Nothing build an AI-first platform where both hardware and software blend seamlessly.
This marks the start of our next chapter: From building the only new smartphone company of the last decade, to creating an AI-native platform where hardware & software converge.
— Carl Pei, CEO and co-founder, Nothing
We have seen Nothing slowly seep AI into all of its products across categories. From the Essential Key on smartphones to ChatGPT integration within wearables, the brand has been gradually moving towards an AI-driven consumer tech experience.
The brand has already shipped over a million devices and crossed $1 billion in cumulative sales in early 2025. So, it is no surprise that the brand adoption rate of Nothing is on the upward side. So, it gives Pei a ripe opportunity to lead the AI tech space with both software and hardware innovations at the helm.
