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Nothing Raises $200M Series C to Power the Next Phase of Consumer AI

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Nothing Phone (3) aesthetic shot

Today, we’re announcing new funding––USD $200M in our Series C round at a USD $1.3B valuation. This milestone marks the start of our next phase: From being the only independent smartphone company to emerge in the last decade, towards building an AI-native platform in which hardware and software converge into a single intelligent system.

a portrait of Carl Pei, CEO and Co-founder of Nothing
Carl Pei, CEO and Co-founder of Nothing

Building the foundations for the future
When we started Nothing, we had a thesis that if we could build a smartphone business at scale and own the last-mile distribution point in consumer tech, we would be well-positioned for the next technology shift. Although we didn’t know what that would look like at the time, the opportunity is now crystal clear.

From the start, we knew that the foundation had to be an end-to-end value chain
capable of delivering products at speed, scale, and quality. As we’ve seen from many others that have tried, building a hardware company is hard. There are many potential failure points and almost no room for error. For us, it required assembling a team that balanced a pragmatic approach of rapidly launching products, with an innovative mindset to deliver experiences that our community would immediately love.

Today, the foundations are firmly in place. From award-winning design, to our global manufacturing and supply chain network built for quality and cost. In four years, we have shipped millions of devices, began 2025 crossing $1B+ in total sales, while growing 150% in 2024.

Building this infrastructure has been the hardest and most valuable thing we’ve done so far. With the support of our community, we’re fortunate to have made it here. Today, we’re in a position that will be very hard to copy: The ability to launch any consumer hardware product from start to finish within months, go-to-market operations that can ship and service worldwide, a global user community that co-creates with us, all without the innovator’s dilemma or bureaucratic constraints that the incumbents face. On to chapter 2.

Operating systems, evolved
In the last 18 years, the smartphone became ubiquitous. It is the primary personal computing tool to manage the countless tasks of daily life. Beyond its distribution scale, what makes the smartphone the most powerful consumer device in the market is its unmatched access to contextual information and user knowledge. For this reason, I believe the smartphone will remain one of the most important devices in the AI era.

On the other hand, while AI has made revolutionary progress in the last three years, the smartphone experience has barely evolved. Most of the innovation has been underwhelming, limited to incremental improvements in photo editing, translations, and assistant features that barely work.

For AI to reach its full potential, consumer hardware must reinvent itself alongside it. This is the opportunity we see for Nothing. We see a future where operating systems are significantly different from the ones today. Each system will know its user deeply, and be hyper-personalised to each individual. Interfaces will adapt to our context and needs. Suggestions will surface naturally, and once we confirm an intent, agents will execute on our behalf. The system will handle the non-essential for us, allowing us to focus on what truly matters, which will be different for every person. Unlike today’s one-size-fits-all solution, a billion different operating systems will be rendered for a billion different people.

Over time, this OS will be transversal across all form factors: We’re starting with smartphones, audio products and smart watches, devices that people already use every day. In the future, our OS will carry into smart glasses, humanoid robots, EVs, and whatever comes next.

Why we are uniquely-positioned to create this future: Owning the last-mile distribution point with all its contextual and user knowledge is essential to developing an OS that will help people in their daily lives. An AI OS that doesn’t know its user and isn’t ever-present can’t deliver a hyper-personalised experience. This is the next chapter for Nothing, integrating an AI experience into our hardware devices to reinvent how technology amplifies us.

The next billion unit scale product
In the near-term, we believe that the smartphone will remain the only device shipping at billion-unit scale each year. But soon, we’ll all be carrying an additional device that will be just as important. In the coming years, we’ll learn that the more context we can feed our AI, the more useful it becomes. The smartphone, while powerful, can’t always be there for us. Sometimes it’s in our pocket, or we might be on the move with our hands full.

A new class of AI-native devices will emerge. Products that are available to the user at the moment of need, paired with intelligence that turns understanding into action. This is a very exciting time, imagining devices that capture context across modalities and generate interfaces on demand, shaped by what the user is trying to accomplish.

We have been hard at work imagining what this future could look like, and can’t wait to launch some of our first AI-native devices next year.

Our Series C capital raise
This funding round allows us to execute on this vision by accelerating our innovation roadmap and further scaling our distribution. Our round was led by Tiger Global, with significant support from existing shareholders GV, Highland Europe, EQT, Latitude, I2BF, and Tapestry, alongside new strategic backing from Nikhil Kamath and Qualcomm Ventures.

Alongside this Series C, we’re also preparing to launch our next Community round giving our supporters another opportunity to become part of Nothing’s journey. More details will be shared soon.

As we continue our journey, we do so with huge gratitude to our community, our team, and our partners. This next chapter is only possible because of you.

Carl, CEO and Co-founder of Nothing

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LIFERAY INTRODUCES HEADLESS CMS TO MODERNIZE DIGITAL CONTENT MANAGEMENT

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Liferay, a leading provider of Digital Experience Platforms (DXPs), today announced the general availability of Liferay CMS, a fully headless content management system (CMS) designed to help marketing, development, and IT teams create, manage, and deliver digital content across multiple channels from a centralized repository.

Built on the core architecture of Liferay DXP, Liferay CMS combines the agility of a decoupled system with the stability and governance required by enterprise organizations. Whether powering a native mobile app, a customer portal, or a complex web ecosystem, Liferay CMS ensures content remains consistent, reusable, and easily distributable.

“Today’s organizations need agility without losing control of their content operations,” said Julia Molano, Director of Product Management at Liferay. “Liferay CMS builds on Liferay’s decades of DXP leadership to deliver a fully headless offering. It allows developers to work with stable, well-documented APIs while empowering marketers and content creators to manage global content without heavy reliance on IT.”

Liferay CMS introduces Spaces, the platform’s primary organizational units for headless content management, enabling teams to structure asset repositories, manage access, and collaborate more efficiently across departments or projects. Each Space provides a dedicated environment for content creation and management, including support for advanced localization with AI-powered translation tools, making it easier for global organizations to manage multi-language content.

“Across the Middle East, enterprises are moving away from fragmented content systems to unified, centralized architectures that can support scale and speed simultaneously. Headless CMS is becoming a critical enabler in this shift, allowing enterprises to deliver consistent digital experiences across channels while maintaining control and governance.  With Liferay’s intuitive CMS, teams can manage content centrally, reduce operational complexity, and accelerate time-to-market and deeper customer engagement’’, noted Moussalam Dalati, General Manager of Liferay Middle East, Africa, and France.

Key features of Liferay CMS include:

  • Global Content Visibility: A single view to search, review, and reuse content across regions and brands, eliminating disconnected repositories.
  • Headless Architecture: Combines the flexibility of headless deployments with the governance and control of a centralized system.
  • Embedded Analytics: Performance metrics like views and downloads are displayed directly within Liferay CMS, allowing teams to validate asset performance at the point of work.
  • AI-Assisted Workflows: Accelerates translation, localization, and content review.
  • Multi-Site Management: Ideal for franchises or organizations with multiple digital properties, allowing for centralized control while granting team-specific access.
  • Unified Collaboration: Dedicated ‘Shared with Me’ areas and advanced access controls ensure all stakeholders work from a single source of truth.

The launch of Liferay CMS reflects a modular platform approach designed for organizations that prioritize an API-first strategy. Because it is built on the same core architecture as Liferay DXP, organizations can start with a streamlined headless CMS today and seamlessly activate integrated capabilities like advanced commerce, page building, or AI-driven personalization as their digital requirements expand.

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CLOUDERA ADVANCES HYBRID DATA PLATFORM WITH LONG-TERM STABILITY, ELASTIC SCALE, AND OPEN DATA INTEROPERABILITY

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Cloudera, the only company bringing AI to data anywhere, today announced significant advancements to its hybrid data and AI platform. These updates help enterprises modernize seamlessly, lower infrastructure costs, and accelerate analytics and AI across their entire data estate.

Enterprises face mounting pressure to modernize data platforms while managing cost and risk, creating significant operational strain. As AI investment accelerates, PwC projects that AI could add as much as $320 billion to the Middle East economy by 2030, with the UAE expected to experience the most significant relative uplift, contributing close to 14% of its GDP. Frequent upgrade cycles, rising infrastructure costs, and growing complexity hinder innovation and divert resources from high-value analytics and AI.

Cloudera addresses these challenges by providing long-term stability and a predictable foundation for enterprise data environments. With extended support until 2032 and a unified platform experience across cloud and data centers, organizations can reduce operational overhead and focus on advancing AI initiatives.

These advancements reinforce Cloudera’s position as the only platform to offer long-term stability, elastic scale across cloud and data centers, and open interoperability in a single architecture, without requiring data movement or disruptive migrations.

Key features include:

  • Guaranteed operational stability: Offers a stable, secure foundation for enterprise data environments, allowing organizations to standardize mission-critical infrastructure, reduce risk, and eliminate costly upgrade cycles while aligning platform strategy with long-term investments.
  • Modernize seamlessly: Provides simultaneous updates to on-premises and cloud deployments, ensuring consistency across the entire hybrid data estate. This enables organizations to boost performance and meet changing regulatory requirements without the expense of re-platforming.

The update introduces new capabilities to enhance performance, flexibility, and data collaboration across modern data architectures. Automated optimization of Apache Iceberg tables, powered by Cloudera Lakehouse Optimizer, accelerates query performance and reduces storage overhead with minimal manual effort. Organizations can also scale compute on demand with Cloudera Cloud Bursting, using cloud resources for peak workloads without moving data, improving utilization while maintaining security and governance. Expanded data sharing enables secure access to live Iceberg tables across external platforms without copying or duplicating data, reducing silos and preserving data integrity.

“Our customers no longer accept trade-offs,” said Leo Brunnick, Chief Product Officer at Cloudera. “They want the flexibility of the cloud, the control of the data center, and the ability to scale without disruption. This update delivers all three on a single, unified platform built for modern data and AI.”

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EMARAT SUPPORTS HSE EXPO UNDERSCORING HEALTH, SAFETY AND ENVIRONMENTAL LEADERSHIP

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Emirates Petroleum Company PJSC (Emarat), a pioneer in the UAE’s oil and gas industry, is participating as Official Partner of HSE-Expo 2026, taking place on 1 and 2 April 2026 at Al Jawaher Reception and Convention Centre in Sharjah.

Organised by Sharjah National Oil Corporation and held under the patronage of His Highness Sheikh Sultan bin Ahmad Al Qasimi, Deputy Ruler of Sharjah, Chairman of the Petroleum Department and President of Sharjah National Oil Corporation, the event brings together industry leaders, specialists, researchers, and stakeholders to advance dialogue around health, safety and environmental priorities across the region.

Emarat’s participation reflects the company’s continued focus on strengthening workplace safety, supporting responsible environmental practices, and aligning its operations with recognised regional and international standards. It also reinforces the company’s view that health, safety, and environmental performance is integral to operational excellence, long term resilience and responsible growth across the energy value chain.

Burhan Al Hashemi, Chief Executive Officer of Emarat, said: “At Emarat, health, safety and environment is a leadership priority embedded across every level of the organization. It shapes how we operate, how we invest and how we build a culture of accountability and care. Across our fuel, aviation fuel, lubricants, LPG, and natural gas businesses, HSE is fundamental to operational discipline, business continuity and the trust our customers and partners place in us. Our participation in HSE Expo 2026 reflects our commitment to raising standards, supporting responsible industry practices, and contributing to a safer and more sustainable operating environment.”

Emarat applies health, safety, and environmental discipline across its operations as part of its broader commitment to operational excellence and responsible growth. From frontline safety practices and process discipline to environmental stewardship and continuous improvement, the company views HSE as a business imperative that supports resilience, strengthens trust, and underpins performance across its fuel, aviation fuel, lubricants, LPG and natural gas businesses.

Furthermore, HSE standards are central to every product category Emarat operates in, including LPG. As a provider of composite LPG cylinders, Emarat adheres to global HSE industry standards in this product category among all others, underscoring the company’s commitment to safety and environmental responsibility across all aspects of its business.

Ali AlAstad Alhammadi, Vice President, Health, Safety, Environment and Quality, Emarat, said: “HSE Expo provides an important platform for industry stakeholders to exchange practical insight, share best practice and strengthen collaboration around issues that are central to workforce safety and environmental stewardship. For Emarat, this is an opportunity to engage with the wider HSE community and support continued progress in standards, awareness, and performance across the sector. We are grateful to SNOC for organizing this important platform and we look forward to continued collaboration and future participation”

HSE Expo 2026 serves as an important regional platform for advancing dialogue on workplace safety, environmental responsibility, and industry best practice. By bringing together energy leaders, technical specialists, researchers and stakeholders, the event supports knowledge exchange around the standards and innovations shaping safer and more sustainable operations across the region.

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