Nothing Secures $200 Million in Series C Funding, Valued at $1.3 Billion

Key Points:* Nothing secures $200 million Series C funding, led by Tiger Global.

• Valued at $1.3 billion, targeting AI-native device launch.
• No direct ties to crypto, maintaining Web3 hardware focus. Web3 smartphone company Nothing announced the closure of a $200 million Series C funding round at a $1.3 billion valuation, led by Tiger Global, to enhance AI-native devices.

This substantial funding highlights industry confidence in AI-driven hardware, poised to redefine consumer tech, although no immediate impact is observed in the cryptocurrency market.

Institutional Confidence Despite No Crypto Involvement

Despite the absence of cryptocurrency or blockchain elements, there’s confidence from institutional investors like EQT in Nothing’s approach. However, no market reactions or notable expert opinions have emerged post-announcement. CEO Carl Pei’s emphasis on long-term hardware innovation and distribution strategy remains central.

This financial boost enables Nothing to expedite its production capabilities for an AI OS-integrated device, targeting market entry in 2026. The firm’s focus shifts away from traditional smartphones, underscoring AI-driven innovation in user devices.

“We’re building the foundations for the future… Owning the last-mile distribution point with all its contextual and user knowledge is essential.” — Carl Pei, CEO, Nothing

Market Insights

Did you know? In the past decade, hardware startups often face challenges despite substantial funding, with AI technology adoption rates fluctuating based on integration success in consumer markets.

According to CoinMarketCap, Ethereum (ETH) is trading at $4,525.35, holding a market cap of $546.23 billion and a 13.49% dominance. Over the past 90 days, ETH surged by 79.88%, showing a growth trend that reflects evolving market dynamics.

Ethereum(ETH), daily chart, screenshot on CoinMarketCap at 02:35 UTC on September 17, 2025. Source: CoinMarketCap Insights from the Coincu research team indicate that AI-native devices could disrupt traditional hardware markets, attracting interest from regulatory bodies, though without direct crypto-market impacts so far. Historical trends suggest that emphasis on AI tech pivots prolong competitiveness in evolving tech landscapes.

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