OpenAI Buys Statsig in $1.1B Deal, Appoints Vijaye Raji as CTO of Applications
Sept 2 (Reuters) – OpenAI announced on Tuesday that it will acquire Statsig in an all-stock deal valued at about $1.1 billion, based on OpenAI’s $300 billion valuation. Along with the acquisition, Statsig’s CEO Vijaye Raji will join as OpenAI’s chief technology officer of applications. The company aims to strengthen its artificial intelligence products, especially as rivals increase competition.
This move follows OpenAI’s earlier purchase of Jony Ive’s startup, io Products, in a $6.5 billion deal to support AI hardware development. By adding new expertise, the company continues to expand both its software and hardware capabilities.
Growth and Financial Outlook
Fueled by the popularity of ChatGPT, OpenAI doubled its revenue during the first seven months of this year. As a result, its annualized run rate hit $12 billion, and it expects to reach $20 billion before year-end, Reuters reported in August. Additionally, the company is preparing a tender offer round to provide employee liquidity, targeting a $500 billion valuation.
With Raji taking charge, he will oversee product engineering for ChatGPT and Codex. His responsibilities will extend across key systems, infrastructure, and product lines.
Statsig’s Role and Future
Statsig develops tools that allow software teams to test and manage new features efficiently. Earlier this year, it secured $100 million in funding. Once the deal is complete, its employees will officially join OpenAI. However, the team will continue to operate independently from its Seattle office.
