OpenAI continued its spending spree, announcing on Tuesday that it has acquired Statsig, a product development and testing startup, for $1.1 billion.
Statsig gives your team 5+ products in a single platform. Build a complete set of product metrics, iterate with flags and experiments, then analyze the results with a world-class stats engine and advanced product analytics Statsig helps OpenAI and other companies test features and use real-time data in their operations.
As part of the acquisition, Statsig CEO Vijaye Raji is joining OpenAI as technology chief in the applications unit. He will report to Fidji Simo, the former Instacart. Statsig will continue to operate independently and serve customers out of its Seattle office, OpenAI said. The acquisition is still subject to customary closing conditions, including regulatory approval.
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