OpenAI agreed to acquire product analytics firm Statsig for $1.1 billion and is bringing Statsig founder Vijaye Raji into its C-suite as CTO of Applications. Statsig specializes in A/B testing and other product-improvement features for companies. Raji will report directly to Fidji Simo, OpenAI's CEO of Applications, who began the role after leaving Instacart on August 18th. Once the acquisition is finalized, Statsig employees will become OpenAI employees, and the company will continue operating out of its Seattle office. The deal remains subject to regulatory approval, and OpenAI plans a measured integration while shuffling other executive positions.
Once the acquisition is finalized, Statsig employees will become OpenAI employees. It will continue operating independently and serving its customer base out of its Seattle office," OpenAI wrote in a blog post, noting that the deal's close will be subject to regulatory approval. "We'll take a measured approach to any future integration, ensuring continuity for current customers and enabling the team to stay focused on what they do best.
Statsig, the company OpenAI is acquiring, specializes in A/B testing and other features for companies looking to improve their products, and OpenAI is bringing on its founder and CEO, Vijaye Raji, as a new C-suite executive. Raji will be OpenAI's CTO of Applications, reporting directly to Fidji Simo, OpenAI's CEO of Applications, who left her former position as Instacart's CEO to start in the OpenAI role on August 18th.
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