Qualcomm powers a majority of smartphones and other consumer products. REUTERS/Eric Gaillard/File Photo (REUTERS)

Nothing broadcasts partnership with Qualcomm, raises one other $50 million


OnePlus co-founder Carl Pei’s new enterprise, Nothing, on Wednesday introduced partnership with chip large Qualcomm. The corporate mentioned it can use Qualcomm’s Snapdragon platform, which powers a majority of smartphones and different client merchandise in the present day, for its future tech merchandise. 

Nothing additionally introduced a $50 million funding spherical, which is an extension of the $15 million Collection A it had raised in February. The London-based client electronics agency has raised a complete of $74 million to this point.

“Seamless connectivity is paramount to reaching our imaginative and prescient of a future with out limitations between folks and expertise,” Pei mentioned in a press launch. “We stay up for working alongside Qualcomm Applied sciences and our strategic traders to realize Nothing’s subsequent section of development.”

Nothing’s first product, a real wi-fi pair of headphones was launched in August and the corporate claims to have shipped over 100,000 items of the product to this point. It mentioned that the brand new funding might be used for “analysis and improvement in preparation for the model’s entry into new product classes”. Pei had earlier mentioned that Nothing will rely on an ecosystem play, that means it can make client electronics merchandise that work with one another, very like Apple.

Additional, the corporate didn’t disclose the total checklist of traders collaborating on this spherical, however mentioned Axel Christofer and Sebastian Indrosso of the band Swedish Home Mafia had taken half within the spherical. Its earlier traders embrace Apple iPod creator Tony Fadell, YouTuber Casey Neistat, and extra. The sooner spherical was led by enterprise capital agency GV.

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