Watch Carl Pei’s Nothing raises $50 mln, companions with Qualcomm – Reuters Tech News

Watch Carl Pei’s Nothing raises  mln, companions with Qualcomm – Reuters Tech News

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Watch Carl Pei’s Nothing raises $50 mln, companions with Qualcomm – Reuters Tech News Youtube HD Video Online

Qualcomm emblem is throughout Munich Auto Present, IAA Mobility 2021 in Munich, Germany, September 8, 2021. REUTERS/Wolfgang Rattay

STOCKHOLM, Oct 13 (Reuters) – Expertise firm Nothing, based by OnePlus co-founder Carl Pei, on Wednesday stated it has raised $50 million from strategic and personal buyers, and has partnered with U.S. chipmaker Qualcomm (QCOM.O).

The corporate launched its first machine – a clear earbud that comes with energetic noise cancellation and a retail value of $99 – in August and bought greater than 100,000 of these within the first two months.

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

“The successful launch of our first product, ear (1), proved that there is room for a new challenger brand to emerge and disrupt today’s sea of sameness,” CEO Pei stated 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 Sequence A spherical led by GV, previously Google Ventures, in January.

Reporting by Supantha Mukherjee, European Expertise & Telecoms Correspondent, based mostly in Stockholm, Enhancing by Louise Heavens

Our Requirements: The Thomson Reuters Belief Ideas.

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