'Nothing' is getting ready to release its first product this summer. The tech company which was founded by OnePlus’ co-founder Carl Pei will be launching its own smart wireless earbuds in the summer, and other products are expected to follow that release later in the year. Pei announced this during an interview with Bloomberg earlier today.
Pei’s announcement of his company’s upcoming maiden product was followed by a reveal that Nothing had raised $15 million in a round of funding led by GV (formerly known as Google Venture), the venture capital investment arm of Alphabet Inc.
Nothing was formally announced by Pei himself in the latter parts of January 2021. He described his new company as a “London-based consumer technology company”. Pei founded Nothing shortly after leaving OnePlus in late 2020. This was after OnePlus released its first wireless earbuds model in 2020.
The release of Nothing’s first wireless earbuds will put Pei’s new company in direct competition with his former company, OnePlus. Besides the $15 million raised from the round of funding headed by GV, Nothing has also received investment capital from the inventor of the iPod, Tony Fadell, from the co-founder of Twitch, Kevin Lin, the CEO of Reddit, Steve Huffman, and from Casey Neistat, a popular YouTuber.