The startup additionally raised $50 million from traders, together with the dressmaker of Apple’s iPod.
What you wish to have to understand
- Not anything has partnered with Qualcomm to construct new product classes powered by means of the Snapdragon platform.
- Carl Pei’s startup has additionally raised $50 million in a brand new spherical of investment from traders.
- The brand new alliance would possibly usher in Not anything’s foray into the smartphone race.
Not anything, a startup based by means of OnePlus co-founder Carl Pei, has discovered a brand new backup to energy its long term tech merchandise. The company introduced that it has shaped an alliance with Qualcomm and raised $50 million from traders in a Sequence A investment extension.
The brand new partnership lets in Not anything to construct new product classes by means of tapping into Qualcomm’s Snapdragon platform, which powers one of the perfect Android telephones. Not anything did not proportion explicit information about its upcoming merchandise, however Qualcomm’s Enrico Salvatori will have hinted at what is within the pipeline. The corporate’s senior vp and president of Qualcomm Europe stated:
We’re excited to assist Not anything convey to lifestyles its extremely expected ecosystem of tech merchandise.
Through combining the facility and potency of Snapdragon cell platforms with 5G connectivity throughout many various classes of gadgets, we’re fostering the advance of leading edge merchandise which are supposed to profit customers and ship richer, extra immersive studies.
Not anything is more likely to make inroads into the smartphone marketplace, despite the fact that this stays speculative in the meanwhile. The newest financing will likely be used to fund analysis and construction efforts for its long term product ecosystem. Pei stated:
The a hit release of our first product, ear (1), proved that there’s room for a brand new challenger logo to emerge and disrupt nowadays’s sea of sameness. Customers deserve higher merchandise which are more effective to make use of, obtainable, but glance superb.
Reuters stories that Not anything’s traders come with Tony Fadell, who invented Apple’s iPod, in addition to GV (previously Google Ventures),Twitch co-founder Kevin Lin, and Reddit CEO Steve Huffman.
The corporate additionally took the danger to proportion the most recent milestone for its Not anything ear (1) earphones. Two months after unveiling the product, Not anything was once in a position to send greater than 100,000 devices of the in point of fact wi-fi earbuds international.