London-based startup Nothing has raised $200 million in a Series C funding round led by Tiger Global and other existing and new backers including Qualcomm Ventures. Its valuation now stands around $1.3 billion. The company plans to use the capital to build an AI-powered operating system and integrate hardware and software more tightly. Expansion of distribution channels is also planned. The funding marks a shift from pure hardware focus toward platform creation, aligning with trends in AI-driven user interfaces and ecosystem development.