Openai CEO Sam Altman will be attending the annual Allen and Company Sun Valley Media and Technology Conference held at Sun Valley Resort in Sun Valley, Idaho on July 8, 2025.
David A. Grogan | CNBC
Openai continued its spending and announced on Tuesday it had acquired product development startup Statsig for $1.1 billion.
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 joined Openai as technology chief for the application unit. He reports to the former Fidge Simo. Instacart CEO tapped in May to lead Openai’s Applications Business.
“Working with the incredible team at Openai to build a massive AI-powered experience for people and businesses is a rare and meaningful opportunity,” Raji wrote in a LinkedIn post. “Doing that with the help of the tools you build with Statsig makes it even more special.”
Statsig will continue to operate independently and serve customers from its Seattle office, Openai said. The acquisition is subject to customary closure conditions, including regulatory approval.
“Vijaye has an incredible record of building large new consumers and B2B products and systems,” Simo said in a statement.
Openai has been actively purchasing recently, and has put some of the hefty cash piles that are increasing the value of their inventory to be used to promote growth in new regions. Its biggest splash appeared in May. Openai has won Jony Ive’s AI device startup IO on a nearly $6.5 billion deal by pushing the company firmly into hardware. Previously, Openai acquired Analytics database company Rockset in 2024 for a private amount.
Earlier this year, Openai planned to buy the AI-assisted coding tool Windsurf for $3 billion, but the deal never came to fruition.
“My journey with Statsig is deeply satisfied and guides me in this moment and gives me the confidence that I will continue to help my team ship better software every day,” Raji said in a statement.
