Within the wake of the July 31 launch of its first product, the Ear (1), Nothing as we speak introduced a “Collection A Extension” of $50 million, bringing its complete funding to $74 million to this point. The spherical follows the February announcement of a $15 million Collection A.
Shortly after that, Nothing introduced a $1.5 million fairness spherical geared toward tapping into the sense of group that founder Carl Pei’s former firm, OnePlus, had lengthy prided itself in growing. Nothing hasn’t revealed the names this spherical, although the Collection A was led by GV and featured various personal traders, together with Tony Fadell, Casey Neistat, Kevin Lin and Steve Huffman.
The brand new funding shall be used for “analysis and growth in preparation for the model’s entry into new product classes as a part of its ecosystem,” per Nothing. As Pei instructed us earlier this 12 months, “We’ve quite a lot of merchandise within the pipeline.”
The opposite information this morning is a “collaboration” with Qualcomm. Particularly, it’s the announcement that Nothing will use Snapdragon chips in future gadgets.
“Seamless connectivity is paramount to attaining our imaginative and prescient of a future with out boundaries between folks and expertise,” Pei mentioned in a launch. “We stay up for working alongside Qualcomm Applied sciences and our strategic traders to realize Nothing’s subsequent part of progress.”
Nothing not too long ago introduced that its earbuds shipped greater than 100,000 items of their first two months. The corporate has additionally lengthy hinted extra merchandise, although it has but to supply up extra info. Qualcomm’s Snapdragon line is used to energy a broad vary of merchandise, from wearables to laptops, although telephones have all the time been the guts of the road.
Qualcomm has little question been smarting as firms like Apple and Google have labored to construct their very own chips internally.