London-based smartphone company Nothing has secured $200 million in funding from investors led by Tiger Global, valuing the company at $1.3 billion, as it aims to incorporate artificial intelligence into its products.

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	Forwarded this email? Subscribe here for more Smartphone maker Nothing raises $200 million at $1.3 billion valuation MacDailyNews Sep 16   READ IN APP   Nothing’s phone (3) London-based smartphone company Nothing has secured $200 million in funding from investors led by Tiger Global, valuing the company at $1.3 billion, as it aims to incorporate artificial intelligence into its products. The global smartphone market is dominated by the likes of Apple and Samsung, currently valued at $3.513 trillion and $377.79 billion, respectively. Reuters: ‎ Swedish tech entrepreneur Carl Pei founded Nothing in 2020 after leaving mobile maker OnePlus and launched its first smartphone in 2022. “For AI to reach its full potential, consumer hardware must reinvent itself alongside it,” Pei said in a statement. “We are starting with smartphones, audio products and smart watches… in the future, our operating system will carry into smart glasses, humanoid robots, EVs, and whatever comes next.” Existing shareholders GV, Highland Europe, EQT, Latitude, I2BF, and Tapestry participated in the funding round. ‎ MacDailyNews Take: For perspective, Apple generates, on average, $200 million every 4.3 hours and $1.3 billion every 1.21 days. ‎ Please help support MacDailyNews — and enjoy subscriber-only articles, comments, chat, and more — by subscribing to our Substack: macdailynews.substack.com. Thank you! Support MacDailyNews at no extra cost to you by using this link to shop at Amazon. The post Smartphone maker Nothing raises $200 million at $1.3 billion valuation appeared first on MacDailyNews. You're currently a free subscriber to MacDailyNews. For the full experience, upgrade your subscription. Upgrade to paid   Like Comment Restack   © 2025 MacDailyNews 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe