Carl Pei’s Nothing raises $50 million, companions with Qualcomm – NewsEverything Expertise

Expertise firm Nothing, based by OnePlus cofounder Carl Pei, on Wednesday mentioned it has raised $50 million from strategic and personal traders, and has partnered with U.S. chipmaker Qualcomm.
The corporate launched its first system – a clear earbud that comes with energetic noise cancellation and a retail worth of $99 – in August and offered greater than 100,000 of these within the first two months.

A tie-up with Qualcomm, whose chips are current in a variety of units from automobiles to telephones, would assist Nothing to construct future merchandise.

“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,” CEO Pei mentioned in an announcement.
UK-based Nothing’s backers embody GV, Tony Fadell, designer of Apple Inc’s iPod, Twitch co-founder Kevin Lin and Reddit CEO Steve Huffman. It had raised $15 million in a Collection A spherical led by GV, previously Google Ventures, in January.


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