"OpenAI is acquiring US software testing company Statsig in a stock swap worth approximately $1.1 billion. The acquisition underscores the AI company's ambition to further strengthen its application division and develop new products more quickly. Statsig specializes in A/B testing, feature flagging, and real-time decision-making. Many innovative companies use its solutions to bring software to market faster and more reliably."
"With the acquisition, founder and CEO Vijaye Raji will take on a prominent role within OpenAI. He has been appointed Chief Technology Officer of the Applications division and will report to Fidji Simo in that capacity. Raji will be in charge of product engineering for ChatGPT and Codex, among other things, including the underlying infrastructure and reliability."
"The acquisition reflects Statsig's valuation during its latest $100 million funding round in May. No premium was paid on top of that valuation, which investors say indicates confidence in OpenAI's future growth. Soma Somasegar of Madrona Ventures, an early investor in Statsig, called the deal a logical step and praised the company for its rapid development speed and data-driven approach."
OpenAI will acquire Statsig in a stock swap valued at roughly $1.1 billion to bolster its applications division and speed product development. Statsig provides A/B testing, feature flagging, and real-time decision-making used by many companies to ship software faster and more reliably. The platform has already supported OpenAI feature rollouts, and bringing the technology in-house aims to accelerate experimentation and enhance user experience. Statsig will remain headquartered in Seattle, continue serving current customers, and expand staff from about 155 toward nearly 200 by early 2026. Founder Vijaye Raji becomes Applications CTO reporting to Fidji Simo. The deal awaits customary regulatory approvals.
Read at Techzine Global
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