Carl Pei's Nothing raises $15 mn from Alphabet's GV

Carl Pei’s Nothing raises $15 mn from Alphabet’s GV

Pei’s Nothing is claimed to deal with {hardware} that features smartphones, although the precise particulars stay unclear, for the time being. The UK-based firm notes that it plans to open up for its group in order that most people can make investments as a part of its Sequence A spherical.

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  • Final Up to date: February 09, 2021, 17:27 IST
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Abhik Sengupta

Carl Pei’s new enterprise Nothing will launch its first merchandise in the approaching months, the corporate stated in a press release immediately whereas saying the event over $15 million funding from GV (previously Google Ventures) – a enterprise capital arm of Google’s mum or dad Alphabet. The UK-based firm provides that the most recent funding will allow it to develop its crew and operations and additional make investments in Analysis and Growth (R&D). The brand new spherical takes the entire quantity of financing that ‘Nothing’ has raised to over $22 million. Earlier buyers embrace notable tech leaders and buyers resembling CRED founder Kunal Shah, Kevin Lin who’s co-founder of Twitch, Steve Huffman who’s the CEO at Reddit, and Tony Fadell who’s Principal at Future Form and is often known as the inventor of the iPod and the co-inventor of the iPhone.

We nonetheless have no idea right now what Carl Pei’s subsequent large enterprise is be all about, although he has teased that it will be round music and audio house. Nothing can be stated to deal with {hardware} that features smartphones, although the precise particulars stay unclear. Within the newest assertion, Nothing notes that the corporate plans to open up for its group in order that most people can make investments as a part of its Sequence A spherical. Talking concerning the $15 million funding into Pei’s subsequent enterprise, Tom Hulme, Normal Associate at GV stated, “His imaginative and prescient for good units is compelling, and we now have excessive confidence that with Carl’s international mindset, the Nothing crew could have a significant impression in the marketplace for client expertise.”

It was late final yr that Carl Pei left OnePlus, after practically seven years on the firm. It was throughout Pei’s time at OnePlus that the corporate launched a sequence of notable Android telephones – from the unique OnePlus telephone to the late OnePlus 8T. Additionally it is believed that the mid-range Android telephone, the OnePlus Nord’s growth was carefully tracked by Pei. The brand new tech enterprise, the title for which wasn’t recognized thus far, was created in October final yr. The corporate insists that its strategy is to begin from scratch and “rethink all the pieces.” The corporate says it should carry again artistry, ardour and belief to the sphere of client expertise with Nothing this yr.





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