Home » Practically nothing raises another $50M – TechCrunch

Practically nothing raises another $50M – TechCrunch

Nothing raises another $50M – TechCrunch

In the wake of the July 31 launch of its initial solution, the Ear (1), Nothing right now introduced a “Series A Extension” of $50 million, bringing its overall funding to  $74 million to date. The spherical follows the February announcement of a $15 million Sequence A.

Soon soon after that, Absolutely nothing introduced a $1.5 million fairness spherical aimed at tapping into the sense of community that founder Carl Pei’s previous organization, OnePlus, experienced lengthy prided alone in acquiring. Almost nothing has not disclosed the names this spherical, though the Sequence A was led by GV and showcased a range of personal buyers, including Tony Fadell, Casey Neistat, Kevin Lin and Steve Huffman.

The new funding will be applied for “research and progress in planning for the brand’s entry into new product or service classes as portion of its ecosystem,” for every Absolutely nothing. As Pei instructed us before this year, “We have a ton of goods in the pipeline.”

The other news this morning is a “collaboration” with Qualcomm. Especially, it is the announcement that Practically nothing will use Snapdragon chips in long run gadgets.

“Seamless connectivity is paramount to achieving our vision of a potential without having boundaries amongst folks and know-how,” Pei said in a release. “We seem forward to operating together with Qualcomm Systems and our strategic traders to attain Nothing’s future period of development.”

Nothing a short while ago announced that its earbuds transported a lot more than 100,000 units in their very first two months. The enterprise has also extensive hinted supplemental merchandise, nevertheless it has nevertheless to give up far more facts. Qualcomm’s Snapdragon line is used to electric power a wide range of solutions, from wearables to laptops, though telephones have constantly been the coronary heart of the line.

Qualcomm has no question been smarting as businesses like Apple and Google have worked to establish their own chips internally.