Smartphone startup Nothing announced the close of its Series C funding round, raising $200 million led by Tiger Global with participation from existing investors such as GV, Highland Europe, EQT, Latitude, I2BF and Tapestry, as well as new strategic backers Nikhil Kamath and Qualcomm Ventures. The capital brings the company’s total funding to over $450 million and values it at $1.3 billion. Founder Carl Pei said the money will fund an AI‑first device slated for next year, while the firm continues to build its supply chain, expand global sales and develop AI‑enhanced software experiences.
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