Statsig to be acquired by OpenAI in £1.1bn deal

OpenAI has agreed to acquire the product development startup Statsig in an all-stock deal valued at £1.1 billion, marking one of the most significant acquisitions in the company’s history.

Statsig, founded in 2021, provides tools for developers to test and manage new features. Upon completion of the deal, Statsig’s founder and CEO, Vijaye Raji, will join OpenAI as the new chief technology officer (CTO) for applications.

Raji will report to OpenAI Applications CEO Fidji Simo and lead product engineering for key products such as ChatGPT.

The acquisition is part of a broader trend of significant deals for the AI company this year, which recently concluded a £6.5 billion all-stock acquisition of an AI device startup. OpenAI’s expanding valuation, which reached £300 billion following a March funding round, has supported this growth.

The company is reportedly discussing a further share sale that could increase its valuation to £500 billion. The completion of the Statsig deal is subject to regulatory approval, after which the company will continue to operate independently from its Seattle office, with its employees joining the OpenAI team.

Other leadership changes at OpenAI include the appointment of Srinivas Narayanan as CTO for B2B applications and Kevin Weil’s move to a new team focused on AI for Science.

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