Nothing Raises $200M in Series C to Advance AI-Native Consumer Devices

London-based consumer electronics startup Nothing said it has raised $200 million in a Series C round, valuing the company at $1.3 billion. Founded four years ago, the company has shipped millions of devices, surpassed $1 billion in cumulative sales in early 2025, and reported 150% growth in 2024. The new funding, led by Tiger Global with participation from GV, Highland Europe, EQT, Latitude, I2BF, Tapestry, Nikhil Kamath, and Qualcomm Ventures, will accelerate Nothing’s AI-native platform strategy, with its first products expected next year in categories beyond smartphones, such as smart glasses and robotics. [Nothing, in Chinese]