"Our mission is to remove barriers between people and technology to create a seamless digital future that looks, lives, and feels like nothing... It (Ear 1) is the starting point that will define the artistry, confidence, and craftsmanship that will carry our products and services for years to come," Carl Pei, Chief Executive Officer, and Co-founder of Nothing said in a blogpost.
Pei, in the blog, explained the reason for choosing earbuds as the first product in Nothing's portfolio. "...we believe the earphones market was begging for differentiation, space where we can elevate design and deliver value from day one. Additionally, as an area of hyper-growth, the earphones market will provide a fertile backdrop as we strengthen our capabilities and prepare to enter new product categories," he added.
Nothing has raised $22 million from a clutch of investors, including GV (formerly Google Ventures), Casey Neistat (YouTube personality and Beme co-founder), Twitch co-founder Kevin Lin and Reddit Chief Executive Officer Steve Huffman. India’s entrepreneur Kunal Shah, Founder, CRED, also invested in Nothing, although the amount has not been disclosed.