The startup additionally raised $50 million from buyers, together with the designer of Apple’s iPod.
What you want to know
- Nothing has partnered with Qualcomm to construct new product classes powered by the Snapdragon platform.
- Carl Pei’s startup has additionally raised $50 million in a brand new spherical of funding from buyers.
- The new alliance could herald Nothing’s foray into the smartphone race.
Nothing, a startup based by OnePlus co-founder Carl Pei, has discovered a brand new backup to energy its future tech merchandise. The firm announced that it has shaped an alliance with Qualcomm and raised $50 million from buyers in a Series A funding extension.
The new partnership permits Nothing to construct new product classes by tapping into Qualcomm’s Snapdragon platform, which powers a few of the finest Android telephones. Nothing did not share particular particulars about its upcoming merchandise, however Qualcomm’s Enrico Salvatori could have hinted at what’s within the pipeline. The firm’s senior vice chairman and president of Qualcomm Europe stated:
We are excited to assist Nothing carry to life its extremely anticipated ecosystem of tech merchandise.
By combining the facility and effectivity of Snapdragon cell platforms with 5G connectivity throughout many alternative classes of gadgets, we’re fostering the event of revolutionary merchandise which might be supposed to learn shoppers and ship richer, extra immersive experiences.
Nothing is prone to make inroads into the smartphone market, although this stays speculative in the interim. The newest financing shall be used to fund analysis and growth efforts for its future product ecosystem. Pei stated:
The profitable launch of our first product, ear (1), proved that there’s room for a brand new challenger model to emerge and disrupt immediately’s sea of sameness. Users deserve higher merchandise which might be easier to make use of, accessible, but look wonderful.
Reuters reports that Nothing’s buyers embrace Tony Fadell, who invented Apple’s iPod, in addition to GV (previously Google Ventures),Twitch co-founder Kevin Lin, and Reddit CEO Steve Huffman.
The firm additionally took the possibility to share the newest milestone for its Nothing ear (1) earphones. Two months after unveiling the product, Nothing was capable of ship greater than 100,000 items of the really wi-fi earbuds worldwide.