Web3 smartphone manufacturer Nothing completes $200 million Series C funding at a valuation of $1.3 billion

ChainCatcher news, Web3 smartphone manufacturer Nothing announced the completion of a $200 million Series C funding round at a valuation of $1.3 billion. The company previously collaborated with Polygon to launch the blockchain phone Nothing Phone. This round of financing was led by Tiger Global, with other investors including existing backers such as GV, Highland Europe, EQT, Latitude, I2BF, and Tapestry.

The new funding round brings Nothing's total financing to over $450 million. Founder Carl Pei stated, "This marks the beginning of a new chapter for us: from being the only emerging smartphone company in the past decade to building an AI-native platform that integrates software and hardware." The company plans to launch its first AI-native devices next year.