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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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BELKIN ELEVATES EVERYDAY DEVICE PROTECTION WITH A NEW LINEUP OF SCREEN PROTECTORS AND A WEAR & TEAR PROGRAM

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BELKIN LiquidGuard screen protection being sprayed onto a smartphone display, showing liquid coating applied across the glass surface

a leading consumer electronics brand for over 40 years, today announces a new class of screen protection solutions, a strategic partnership, and an all-new wear-and-tear program; advancing its commitment to keeping devices protected and consumers confident. The launch includes seven new screen protectors, a customisation partnership with ScreenSkinz, and a screen protection replacement program designed to give users lasting peace of mind and ensure the products they love stay safe, secure, and in the best shape.

Meet the ScreenForce Titan Lineup: The Ultimate in Full-Screen Protection

Titan SmartShield

Titan SmartShield serves as the premium rigid protector in the lineup, delivering aerospace-grade impact resistance and up to 18x the strength of traditional glass*. Engineered with a 9H surface hardness and rated for up to 6.5 ft / 2 m of drop protection**, Titan SmartShield offers exceptional durability without compromising clarity. An advanced anti-reflective coating preserves vivid colour and brightness in any lighting environment, while the anti-dust adhesive helps push away particles during installation for a flawless finish. The glass is manufactured with up to 60% recycled materials and is fully compatible with fingerprint sensors. A privacy version will also be available. Titan SmartShield launches in February 2026.

Titan LiquidGuard

Titan LiquidGuard is an innovative liquid screen protector that uses Nano-Titan Technology+, a proprietary fusion of a water-based German SiO₂, Graphene, and Nano-Titan Technology, to reinforce device displays at the molecular level, delivering 9H scratch protection without adding bulk. The oleophobic coating creates a smooth, smudge-resistant surface that maintains the device’s original look and touch sensitivity. Applied in minutes and backed by up to a $300 screen repair guarantee, Titan LiquidGuard offers a discreet, no-fuss approach to everyday screen protection. Titan LiquidGuard launches in February 2026.

Titan EcoGuard

Titan EcoGuard is made using advanced polymer materials infused with Nano-Titan Technology, a proprietary structure featuring high-density nano-reinforcement that delivers up to 5.9 ft / 1.8 m of drop protection. These materials are collected from post-consumer sources and certified by the Global Recycled Standard (GRS). Built to flex under pressure instead of cracking, Titan EcoGuard offers industry-leading 7H rated scratch and impact resistance with ultra-thin construction, while an anti-reflective coating preserves the device’s natural look and precision touch response. The flexible, shock-dispersing surface is ideal for curved screens and high-use devices.

The Titan EcoGuard Collection Includes:

Titan EcoGuard Anti-Reflective Screen Protector

  •  – The foundational model is designed for full-screen, anti-reflective protection while preserving vibrant colour and crystal-clear clarity – even under direct sunlight. It is made with 97% pre-consumer recycled materials. Includes anti-dust installation adhesive and a tray-based alignment system made with recycled plastics.
  • Titan EcoGuard Privacy Filter Screen Protector
  • – Incorporates vertical-view privacy filtration to protect sensitive information from side-angle viewing. Ideal for use in public settings, during travel, or for confidential work.
  • Titan EcoGuard Red Light Screen Protector
  • – Utilises a light-conversion layer that converts harmful blue light into soothing, skin- and eye-friendly red light, supporting everyday wellness for users sensitive to blue light or those who frequently use devices at night. This invisible, colourless protection delivers 2x the red-light exposure vs. industry standards**** while maintaining a natural viewing experience.

All Titan EcoGuard screen protectors arrive in 100% recyclable packaging using FSC-certified paper. Each kit includes a microfiber cloth, dust removal sheet, and eco-friendly alignment tray for precise, frustration-free application. Titan EcoGuard is compatible with ultrasonic fingerprint sensors and engineered for next-generation device displays.

If It’s Broken, Fix It. Quickly, Easily, and Hassle-Free.

Doubling down on its commitment to delivering the highest quality product experience, Belkin introduces a new Wear and Tear replacement program in addition to its established product warranty.  Launching this month, consumers can easily replace screen protection products compromised by everyday use and/or life’s inevitable accidents, directly on Belkin.com.  The new process is straightforward, transparent, and most importantly, hassle-free.

Products will continue to be replaced at no cost, with a flat shipping and handling fee applied.

The program will be available in Australia, Canada, Germany, the UK and the US, for now, with plans to expand to other countries in the future.

Custom Screen Protection with Screen Skinz

Belkin is partnering with Screen Skinz to bring a new level of personalisation to screen protection. Coming soon to Belkin.com, customers will have the ability to create a custom design or choose from a curated collection of pre-made options, which will be etched directly onto their screen protector. The result is protection that is uniquely customised. Utilising Screen Skinz’ patented etching technology, designs are visible only when the phone display is off. When the screen is on, the design disappears to ensure a smooth, uninterrupted viewing experience while delivering trusted durability and peace of mind.

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Vertiv Expects Powering Up for AI, Digital Twins and Adaptive Liquid Cooling to Shape Data Center Design and Operations

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A high-angle, close-up shot of a detailed architectural scale model depicting a large industrial or data center campus at night. The model features various grey buildings with glowing white windows, including long rectangular warehouses and structures with visible rooftop cooling units. Warm orange miniature streetlights line the perimeter roads and small rows of trees, while taller industrial towers with smokestacks stand in the center of the complex.

Data center innovation is continuing to be shaped by macro forces and technology trends related to AI, according to a report from Vertiv (NYSE: VRT), a global leader in critical digital infrastructure. The Vertiv Frontiers report, which draws on expertise from across the organization, details the technology trends driving current and future innovation, from powering up for AI, to digital twins, to adaptive liquid cooling.

“The data center industry is continuing to rapidly evolve how it designs, builds, operates and services data centers, in response to the density and speed of deployment demands of AI factories,” said Vertiv chief product and technology officer, Scott Armul. “We see cross-technology forces, including extreme densification, driving transformative trends such as higher voltage DC power architectures and advanced liquid cooling that are important to deliver the gigawatt scaling that is critical for AI innovation. On-site energy generation and digital twin technology are also expected to help to advance the scale and speed of AI adoption.”

The Vertiv Frontiers report builds on and expands Vertiv’s previous annual Data Center Trends predictions. The report identifies macro forces driving data center innovation: extreme densification—accelerated by AI and HPC workloads; gigawatt scaling at speed—data centers are now being deployed rapidly and at unprecedented scale; data center as a unit of compute—the AI era requires facilities to be built and operated as a single system; and silicon diversification—data center infrastructure must adapt to an increasing range of chips and compute.

The report details how these macro forces have in turn shaped five key trends impacting specific areas of the data center landscape.

1.         Powering up for AI

Most current data centers still rely on hybrid AC/DC power distribution from the grid to the IT racks, which includes three to four conversion stages and some inefficiencies. This existing approach is under strain as power densities increase, largely driven by AI workloads. The shift to higher voltage DC architectures enables significant reductions in current, size of conductors, and number of conversion stages while centralizing power conversion at the room level. Hybrid AC and DC systems are pervasive, but as full DC standards and equipment mature, higher voltage DC is likely to become more prevalent as rack densities increase. On-site generation, and microgrids, will also drive adoption of higher voltage DC.

2.         Distributed AI

The billions of dollars invested into AI data centers to support large language models (LLMs) to date have been aimed at supporting widespread adoption of AI tools by consumers and businesses. Vertiv believes AI is becoming increasingly critical to businesses but how, and from where, those inference services are delivered will depend on the specific requirements and conditions of the organization. While this will impact businesses of all types, highly regulated industries, such as finance, defense, and healthcare, may need to maintain private or hybrid AI environments via on-premise data centers, due to data residency, security, or latency requirements. Flexible, scalable high-density power and liquid cooling systems could enable capacity through new builds or retrofitting of existing facilities.

3.         Energy autonomy accelerates

Short-term on-site energy generation capacity has been essential for most standalone data centers for decades, to support resiliency. However, widespread power availability challenges are creating conditions to adopt extended energy autonomy, especially for AI data centers. Investment in on-site power generation, via natural gas turbines and other technologies, does have several intrinsic benefits but is primarily driven by power availability challenges. Technology strategies such as Bring Your Own Power (and Cooling) are likely to be part of ongoing energy autonomy plans.

4.         Digital twin-driven design and operations

With increasingly dense AI workloads and more powerful GPUs also come a demand to deploy these complex AI factories with speed. Using AI-based tools, data centers can be mapped and specified virtually, via digital twins, and the IT and critical digital infrastructure can be integrated, often as prefabricated modular designs, and deployed as units of compute, reducing time-to-token by up to 50%. This approach will be important to efficiently achieving the gigawatt-scale buildouts required for future AI advancements.

5.         Adaptive, resilient liquid cooling

AI workloads and infrastructure have accelerated the adoption of liquid cooling. But conversely, AI can also be used to further refine and optimize liquid cooling solutions. Liquid cooling has become mission-critical for a growing number of operators but AI could provide ways to further enhance its capabilities. AI, in conjunction with additional monitoring and control systems, has the potential to make liquid cooling systems smarter and even more robust by predicting potential failures and effectively managing fluid and components. This trend should lead to increasing reliability and uptime for high value hardware and associated data/workloads.

Vertiv does business in more than 130 countries, delivering critical digital infrastructure solutions to data centers, communication networks, and commercial and industrial facilities worldwide. The company’s comprehensive portfolio spans power management, thermal management, and IT infrastructure solutions and services—from the cloud to the network edge. This integrated approach enables continuous operations, optimal performance, and scalable growth for customers navigating an increasingly complex digital landscape.

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Zoho Corporation Opens its First Data Centres in UAE

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Zoho Corporation announced the launch of its data centres in UAE in Dubai and Abu Dhabi. The data centres form a part of AED 100 million investment in the UAE that the company had announced in 2023. The data centre will host solutions from Zoho Corporation’s two key brands: ManageEngine (enterprise IT management) and Zoho (cloud business solutions).

“The opening of our data centres is part of our ongoing investment in the UAE, which remains one of the largest markets in the region for both ManageEngine and Zoho brands,” said Shailesh Davey, Co-founder and CEO, Zoho Corporation. “With this move, Zoho Corporation will be enabling businesses store their data locally, strengthening data sovereignty, and supporting National Cybersecurity Agenda. Furthermore, 100+ solutions across Zoho and ManageEngine, will enable businesses of all sizes, and government and semi-government organisations adopt cloud technology for digital transformation in nearly every area of operation, and help Dubai become a digital economy line with Dubai Vision 2030.”

The data centres have also received certification from CSP Security Standard Certificate by DESC (Dubai Electronic Security Center). This qualifies Zoho Corporation to serve government and semi-government entities in addition to local businesses. As part of this, the data centres are also compliant with: ISO 27001, ISO 22301,  ISO 27017 and CSA STAR Level 2 Certificate for data centres. In addition, the company’s Dubai office has received ISO 27001 certificate.

Growth Momentum of Zoho

Zoho has grown by 38.7% in 2025 in UAE, and expanded its partner network by 29% in the same period. It has further increased its employee count by 35% last year to serve the needs of its increasing customer base, and expanded into a larger office. The key solutions driving Zoho’s growth are: Customer Experience platform (Zoho CRM, Desk and Zoho CRM Plus), Zoho Books (VAT-compliant and FTA-approved accounting software), Creator (low-code app development platform), Zoho Workplace (communication and collaboration platform), and Zoho One (all-in-one suite of 55+ products).

In the past five years, Zoho has invested AED 80 million on enabling over 7000 businesses in their digital transformation journey through various partnerships such as those with DET and Dubai Culture. In the past few years, Zoho has seen a steady upmarket growth in the country, 48% in 2025, led by its strong platform capabilities that allow enterprises achieve faster time to value and lowers their total cost of ownership. 

Growth Momentum of ManageEngine

ManageEngine has grown by 20% in 2025 in the UAE, led by its continued focus on the enterprise sector. The brand has strengthened its local presence, including through the partner network, to support the increasing adoption of its solutions across both private and government organizations. The key solutions driving the growth are: Endpoint Central (unified endpoint management), ServiceDesk Plus (unified service management) and Site24x7 (cloud-based observability platform).

In the recent years, growth in the UAE for ManageEngine has been particularly strong in BFSI, government and public sector, and manufacturing, fuelled by cloud adoption, which is growing at nearly 35% in the region for the brand’s cloud solutions. This trend reflects a broader shift toward cloud-first strategies, as organizations prioritise scalability, agility, and faster innovation.

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