Carl Pei’s Nothing raises $50 mln, partners with Qualcomm

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STOCKHOLM, Oct 13 (Businesshala) – Nothing, the technology company founded by OnePlus co-founder Carl Pei, said on Wednesday it has raised $50 million from strategic and private investors, and partnered with US chipmaker Qualcomm (QCOM.O). Is.

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The company launched its first device – a transparent earbuds Which comes with active noise cancellation and a retail price of $99 in August and sold over 100,000 of them in the first two months.

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A tie-up with Qualcomm, whose chips are present in a wide variety of devices from cars to phones, will help nothing in building the products of the future.

“The successful launch of our first product, Kan(1), proved that there is room for a new Challenger brand to emerge and disrupt today’s seas,” CEO Pei said in a statement.

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Supporters of UK-based Nothing include GV, Tony Fadell, designer of Apple Inc.’s iPod, Twitch co-founder Kevin Lin and Reddit CEO Steve Huffman. this was it raised $15 million in a Series A round led by GV, formerly Google Ventures, in January.

Reporting by Supanth Mukherjee, European technology and telecommunications correspondent based in Stockholm, Editing by Lewis Havens

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