Express Computer
Home  »  News  »  OnePlus co-founder’s Nothing raises $15M in Alphabet-led funding

OnePlus co-founder’s Nothing raises $15M in Alphabet-led funding

0 183

Newly-formed consumer technology company Nothing, a brainchild of OnePlus co-founder Carl Pei, on Tuesday announced it has raised $15 million in a Series A round led by GV (formerly Google Ventures), a venture capital investment arm of Alphabet which is the parent company of Google.

With new funds, the company aims to expand its operations in Europe with headquarters in London and release its first smart devices in the coming months, it said in a statement.

“We are grateful to have a venture capital firm of this calibre help in building Nothing together with us,” said Pei, CEO and co-founder of Nothing.

“We plan to aggressively grow the company, in particular our R&D and design capabilities, to realise our mission of removing barriers between people and technology,” Pei said.

London-based Nothing has so far raised over $22 million. In December, the company raised $7 million in seed financing in December that included tech leaders and investors such as Tony Fadell, Casey Neistat, Kevin Lin, Steve Huffman and Josh Buckley.

Kunal Shah, Founder, CRED, also invested in Nothing, although the amount has not been disclosed yet.

“Carl Pei is a seasoned entrepreneur with marketing, hardware, and distribution experience that is key to bringing new devices to market,” said Tom Hulme, General Partner at GV.

“His vision for smart devices is compelling, and we have high confidence that with Pei’s global mindset, the Nothing team will have a meaningful impact on the market for consumer technology.”

Starting this year, Nothing said it will bring back artistry, passion and trust to the field of consumer technology.

The Swedish tech entrepreneur Pei had co-founded OnePlus in 2013 at the age of 24.

After nearly seven years, Pei made the “difficult decision” of leaving the company in October 2020.

–IANS

Get real time updates directly on you device, subscribe now.

Leave A Reply

Your email address will not be published.

LIVE Webinar

Digitize your HR practice with extensions to success factors

Join us for a virtual meeting on how organizations can use these extensions to not just provide a better experience to its’ employees, but also to significantly improve the efficiency of the HR processes
REGISTER NOW 

Stay updated with News, Trending Stories & Conferences with Express Computer
Follow us on Linkedin
India's Leading e-Governance Summit is here!!! Attend and Know more.
Register Now!
close-image
Attend Webinar & Enhance Your Organisation's Digital Experience.
Register Now
close-image
Enable A Truly Seamless & Secure Workplace.
Register Now
close-image
Attend Inida's Largest BFSI Technology Conclave!
Register Now
close-image
Know how to protect your company in digital era.
Register Now
close-image
Protect Your Critical Assets From Well-Organized Hackers
Register Now
close-image
Find Solutions to Maintain Productivity
Register Now
close-image
Live Webinar : Improve customer experience with Voice Bots
Register Now
close-image
Live Event: Technology Day- Kerala, E- Governance Champions Awards
Register Now
close-image
Virtual Conference : Learn to Automate complex Business Processes
Register Now
close-image