STOCKHOLM: Technology company Nothing, founded by OnePlus co-founder Carl Pei, on Wednesday (Oct 13) said it has raised US$50 million from strategic and private investors, and has partnered with US chipmaker Qualcomm.
The company launched its first device - a transparent earbud that comes with active noise cancellation and a retail price of US$99 - in August and sold more than 100,000 of those in the first two months.
A tie-up with Qualcomm, whose chips are present in a range of devices from cars to phones, would help Nothing to build future products.
"The successful launch of our first product, ear (1), proved that there is room for a new challenger brand to emerge and disrupt today's sea of sameness," CEO Pei said in a statement.
UK-based Nothing's backers include GV, Tony Fadell, designer of Apple's iPod, Twitch co-founder Kevin Lin and Reddit CEO Steve Huffman. It had raised US$15 million in a Series A round led by GV, formerly Google Ventures, in January.