USD200 Million Boost Fuels Nothing’s Ambition to Create a “Billion Different Operating Systems”
Nothing announced today that it has raised USD200 million in a Series C funding round at a USD1.3 billion valuation. This significant capital injection will fuel the company’s next phase, shifting its focus from solely being a hardware manufacturer to building a comprehensive AI-native platform where software and hardware converge into a single intelligent system.
The company stated that this strategic move is a natural evolution of its vision. Having successfully built an end-to-end value chain and a global supply network, Nothing has shipped millions of devices and, as of early 2025, surpassed USD1 billion in total sales. The company reported a remarkable 150% growth in 2024, demonstrating its strong market position and the foundation needed for this ambitious new chapter.
Nothing’s founder believes the smartphone will remain a crucial device in the AI era due to its rich contextual data. However, the company sees an opportunity to reinvent the operating system, creating “a billion different operating systems for a billion different people.” This hyper-personalised AI will extend beyond current incremental improvements and eventually be transversal across devices like smartwatches, smart glasses, and even humanoid robots.
The funding round was led by Tiger Global, with continued support from existing investors including GV, Highland Europe, and EQT, and new strategic backing from Nikhil Kamath and Qualcomm Ventures. Nothing also announced plans for a new Community Round, giving supporters another chance to invest in the company’s journey toward an AI-powered future.
