Nothing
London-based consumer electronics maker selling design-led smartphones, earbuds and wearables (Nothing, CMF) to young, design-conscious consumers worldwide, with a growing AI-native focus.
Nothing, founded in 2020 by OnePlus co-founder Carl Pei, sells smartphones (Phone series), audio products and smart wearables under the Nothing and CMF brands. These run on Nothing OS and are known for a transparent design. It sells directly to consumers and through retail and carrier partners. In September 2025 it raised a $200M Series C led by Tiger Global at a $1.3B valuation, bringing total funding to over $450M. It reported over $1B in cumulative sales by 2025, and it has said it plans AI-first devices in 2026. The company had about 800 employees in 2026 and has offices across Europe, India and North America.
AI-first consumer devices (phones, earbuds). Crossed $1B in sales (2025, TechCrunch); $200M Series C at $1.3B. Hardware-heavy; AI-first positioning.
