OpenAI has confirmed its intention to acquire product testing startup Statsig in a significant all-stock transaction valued at $1.1 billion. This deal represents one of the most substantial acquisitions in the history of the ChatGPT creator.
About Statsig
Founded in 2021, Statsig specializes in developing tools that assist software developers in testing and identifying potential new features. The platform has gained traction among employees at various tech companies, including OpenAI, Eventbrite Inc., and SoundCloud Ltd., as stated on Statsig’s website.
Recent Funding
Earlier this year, Statsig successfully raised $100 million in a funding round, achieving a valuation of $1.1 billion.
