Nothing raises $200M in Series C funding, valuing the company at $1.3 billion

Nothing has raised $200M in Series C funding led by Tiger Global, valuing it at $1.3B, with investors GV, Highland Europe, and Qualcomm Ventures. Founded by Carl Pei, the company has shipped 5.1M units, securing a 2% India market share. With Sélim Benayat leading AI services, Nothing plans community funding and AI-first devices, while Pei emphasizes smartphones’ central role in AI applications.