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Nothing

Topic: Company

 From HandWiki - Reading time: 4 min
Nothing Technology Limited
TypePrivate Limited Company
IndustryConsumer electronics
Founders
  • Carl Pei
Headquarters11 Staple Inn, London, United Kingdom[1]
Area served
Worldwide
ProductsSmartphones, Earphones
Websitewww.nothing.tech

Nothing Technology Limited (stylised NOTHING) is a London-based consumer technology company founded by Carl Pei. The company gathers a number of notorious investors, such as iPod inventor Tony Fadell, Twitch co-founder Kevin Lin, Reddit CEO Steve Huffman, and YouTuber Casey Neistat.[2] On February 25, the company announced Teenage Engineering as founding partners, mainly responsible for the design aesthetic of the brand and its products.[3]

Nothing's first product "ear (1)" has been launched on July 27, 2021.[4][5]

History

In 2020, Carl Pei, the co-founder of OnePlus was working with the company along side with Pete Lau. Pei announced his resignation on October 16, 2020 so that he could start a new venture.[6] Pei later raised up to $7 million from multiple investors to start up his venture including iPod inventor Tony Fadell, Twitch co-founder Kevin Lin, Reddit CEO Steve Huffman, and YouTuber Casey Neistat.[7]

Carl Pei, CEO and Co-founder of Nothing Technology Limited

Pei announced the company, Nothing, on January 27, 2022.[8]

In February 15, 2021, Nothing acquired the Essential Products trademarks and brand nearly a year after the company shut down operations.[9][10]

On February 25, 2021, the company announced its first founding partner, Teenage Engineering, to produce the design aesthetic of the brand and its products.[11]

Nothing announced its first product on July 27, 2021 named the "ear (1)", which was wireless headphones.[12]

In October 13, 2021, the company raised up to $50 million and also announced a partnership with Qualcomm.[13]

On March 9, 2022, the same day that Nothing secured Series B financing, the company announced that it would hold a press conference on March 23.[14][15] During that event, the company announced its first smartphone, the "phone (1)".[16][17]

Investment

Investment Rounds
Funding Series Number of Investors Money Raised Date
Seed Round 7 $7mn Dec 9, 2020
Series A 1 $15mn Feb 9, 2021
Equity Crowdfunding 1 $1.3mn Feb 25, 2021
Series A 7 $48.5mn Oct 13, 2021
Series B 6 $70mn Mar 9, 2022

Products

Ear (1)

Nothing Ear (1)

The Nothing Ear 1, stylized as the "ear (1)", is Nothing's first product. Announced on July 27, 2021, the Ear 1 is a set of wireless earbuds. The earbuds can be connected by Bluetooth and have up to 34 hours of battery life when used with the charging case, and up to 5.7 hours of battery life with ANC off; with 24 hours with the case used and up to four hours for the earbuds themselves with ANC on. The earbuds went on sale on August 17, 2021 at the cost of $99/£99/€99.[18][19]

A Black version was also announced on December 6, 2021 and went on sale on December 13. Nothing also announced on that day that the Ear 1 earbuds are now carbon neutral.[20]

Phone (1)

On March 23, 2022, Nothing announced its first smartphone named the "Phone (1)". The phone will run on an Android-based operating system named Nothing OS with an anticipated release date of Summer 2022.[21]

References

  1. ↑ "NOTHING TECHNOLOGY LIMITED overview - Find and update company information - GOV.UK" (in en). https://find-and-update.company-information.service.gov.uk/company/12984564. 
  2. ↑ Porter, Jon (2021-01-27). "OnePlus co-founder Carl Pei’s next company is literally called Nothing" (in en). https://www.theverge.com/2021/1/27/22250653/nothing-brand-oneplus-carl-pei-announcement-consumer-technology-smart-devices. 
  3. ↑ Porter, Jon (2021-02-24). "Nothing taps Teenage Engineering to design upcoming products" (in en). https://www.theverge.com/2021/2/24/22298802/nothing-teenage-engineering-swedish-design-founding-partner-audio-headphones. 
  4. ↑ "Nothing launches its Ear 1 wireless earbuds with a transparent design" (in en-US). 2021-07-27. https://www.xda-developers.com/nothing-ear-1-launch/. 
  5. ↑ "Nothing Ear 1 - Powerful Budget TWS | Programming Nation" (in en-US). 2021-07-31. https://programmingnation.in/2021/07/31/nothing-ear-1-powerful-budget-tws/. 
  6. ↑ Singh, Manish (October 16, 2022). "OnePlus co-founder Carl Pei confirms he has left the company". TechCrunch (Yahoo). https://techcrunch.com/2020/10/16/oneplus-co-founder-carl-pei-confirms-he-has-left-the-company/. 
  7. ↑ Singh, Manish (December 9, 2022). "OnePlus co-founder Carl Pei raises $7 million for his new venture". TechCrunch (Yahoo). https://techcrunch.com/2020/12/09/oneplus-co-founder-carl-pei-raises-7-million-for-his-new-venture/. 
  8. ↑ Porter, Jon (2021-01-27). "OnePlus co-founder Carl Pei’s next company is literally called Nothing" (in en). https://www.theverge.com/2021/1/27/22250653/nothing-brand-oneplus-carl-pei-announcement-consumer-technology-smart-devices. 
  9. ↑ Wilde, Damien (February 15, 2022). "Essential is now officially owned by Carl Pei’s Nothing Technologies". 9To5Google. https://9to5google.com/2021/02/15/essential-carl-pei-nothing-technologies/. 
  10. ↑ Seifert, Dan (February 15, 2022). "Nothing company now owns the Essential brand, for some reason". The Verge (Vox Media). https://www.theverge.com/2021/2/15/22284363/nothing-company-essential-brand-acquisition-news. 
  11. ↑ Porter, Jon (2021-02-24). "Nothing taps Teenage Engineering to design upcoming products" (in en). https://www.theverge.com/2021/2/24/22298802/nothing-teenage-engineering-swedish-design-founding-partner-audio-headphones. 
  12. ↑ "Nothing launches its Ear 1 wireless earbuds with a transparent design" (in en-US). 2021-07-27. https://www.xda-developers.com/nothing-ear-1-launch/. 
  13. ↑ "Carl Pei's Nothing raises $50 mln, partners with Qualcomm". Reuters. October 13, 2021. https://www.reuters.com/technology/carl-peis-nothing-raises-50-mln-partners-with-qualcomm-2021-10-13/. 
  14. ↑ "Nothing locks $70M Series B financing, and announces 23 March event" (Press release). Nothing Technology Limited. March 9, 2022. Archived from the original on March 13, 2022. Retrieved March 26, 2022.
  15. ↑ Heater, Brian (March 9, 2022). "Money for Nothing and chips from a Series B". TechCrunch (Yahoo). https://techcrunch.com/2022/03/09/money-for-nothing-and-chips-from-a-series-b/. 
  16. ↑ "Nothing phone (1) Coming Summer 2022" (Press release). Nothing Technology Limited. March 23, 2022. Archived from the original on March 24, 2022. Retrieved March 26, 2022.
  17. ↑ Brown, C. Scott (March 23, 2022). "Nothing Phone 1 is company's first phone, landing with Android-based Nothing OS". Android Authority. https://www.androidauthority.com/nothing-phone-1-3142175/. 
  18. ↑ Jon, Porter (July 27, 2022). "Nothing officially reveals its $99 Ear (1) true wireless earbuds". The Verge (Vox Media). https://www.theverge.com/2021/7/27/22594353/nothing-ear-1-true-wireless-earbuds-price-release-date-specs-features. 
  19. ↑ "Here Comes a Sound of Change - Nothing ear (1)" (Press release). Nothing Technology Company. August 2, 2021. Archived from the original on November 21, 2021. Retrieved March 24, 2022.
  20. ↑ "Nothing Announces ear (1) Carbon Neutrality and a New Black Edition" (Press release). Nothing Technology Company. December 6, 2021. Archived from the original on March 26, 2022. Retrieved March 24, 2022.
  21. ↑ Porter, Jon (March 23, 2022). "Nothing's First Smartphone is Aimed at Apple, Not OnePlus". The Verge (Vox Media). https://www.theverge.com/2022/3/23/22992424/nothing-phone-1-smartphone-carl-pei-apple-ecosystem. 

External Links

Template:Nothing (Techonology)



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