London-based smartphone and consumer tech maker Nothing has announced the close of its recently announced community investment round, raising more than £6 million from over 5,000 backers. The firm announced the round earlier this month as a way to give its users the chance to invest in the company at the going rate per share.
Nothing has established an end-to-end value chain capable of delivering consumer hardware products at speed, scale, and quality.
Nothing believes the smartphone will remain one of the most important devices in the AI era due to its scale and access to contextual information. However, the company sees a need for operating systems to evolve, becoming hyper-personalised, adaptive to user context, and capable of executing tasks through intelligent agents. Over time, Nothing aims to extend this AI-native operating system across multiple form factors, from smartphones, audio products, and smart watches to future devices such as smart glasses, robots, and EVs.
The company, which in September raised $200m in its Series C round at a $1.3bn valuation, said the power of community has always been a large part of its ambition to scale.
