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Nothing Raises $200 Million in Series C Funding at $1.3 Billion Valuation

According to the company’s official announcement, Nothing closed a $200 million Series C round led by Tiger Global, bringing total funding above $450 million and outlining plans for AI-native devices next year.

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Summary

According to the company’s official announcement, Web3 smartphone manufacturer Nothing completed a $200 million Series C round, valuing the firm at $1.3 billion. Tiger Global led the round, joined by GV, Highland Europe, EQT, Latitude, I2BF, and Tapestry. This raises the company’s total funding to more than $450 million. Nothing, recognized for its blockchain-enabled Nothing Phone developed with Polygon, confirmed the capital will support the launch of AI-native devices expected next year.

Terms & Concepts
  • Web3: A decentralized internet model leveraging blockchain technology to give users control over their own data and digital assets.
  • AI-native devices: Hardware products built with artificial intelligence integrated as a core feature from inception.
  • Blockchain-based smartphone: A mobile device integrated with blockchain technology, enabling decentralized applications and secure digital asset transactions.