Smartphone maker Nothing raises $200 million at $1.3 billion valuation

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London-based smartphone maker Nothing on Tuesday raised $200 million from a group of investors led by Tiger Global at a valuation of $1.3 billion as it seeks to integrate artificial intelligence in its products.

The global smartphone market is dominated by the likes of Apple and Samsung, with just a handful of European companies such as Fairphone and HMD Global trying to challenge the incumbents.

Swedish tech entrepreneur Carl Pei founded Nothing in 2020 after leaving mobile maker OnePlus and launched its first smartphone in 2022.

Since then, the…



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Smartphone maker Nothing raises $200 million at $1.3 billion valuation



London-based smartphone maker Nothing on Tuesday raised $200 million from a group of investors led by Tiger Global at a valuation of $1.3 billion as it seeks to integrate artificial intelligence in its products.

The global smartphone market is dominated by the likes of Apple and Samsung, with just a handful of European companies such as Fairphone and HMD Global trying to challenge the incumbents.

Swedish tech entrepreneur Carl Pei founded Nothing in 2020 after leaving mobile maker OnePlus and launched its first smartphone in 2022.

Since then, the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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