Sam Altman, CEO of OpenAI, attends the annual Allen and Co. Sun Valley Media and nology Conference at the Sun Valley Re in Sun Valley, Idaho, on July 8, 2025.David A.
Grogan | CNBCOpenAI continued its spending spree, announcing on Tuesday that it has acquired Statsig, a duct development startup, 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 is joining OpenAI as nology chief in the applications unit.
He will report to Fidji Simo, the former Instacart CEO who was tapped to lead OpenAI's applications in May."Working with the incredible team at OpenAI to build AI-powered experiences at scale for people and es is a rare and meaningful opportunity," Raji wrote in a post on LinkedIn.
"Doing that with the help of tools we built at Statsig makes it even more special."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 apval.watch now2:4202:42OpenAI acquires software startup Statsig for $1.1BPower Lunch"Vijaye has a remarkable record of building new consumer and B2B ducts and systems at scale," Simo said in a statement.
OpenAI has been buying aggressively of late, putting some of the hefty cash pile it's raised and the soaring value of its stock to use to fuel growth in new areas.
Its biggest splash came in May, when OpenAI acquired Jony Ive's AI devices startup IO for close to $6.5 billion in an all-equity deal that pushes the company firmly into hardware.
Prior to that, OpenAI acquired analytics database company Rockset for an undisclosed sum in 2024.Earlier this year, OpenAI had planned to buy AI-assisted coding tool Windsurf for $3 billion, but a deal never materialized, and Google up bringing on the startup's co-founder as part of a $2.4 billion licensing deal."The journey with Statsig has been deeply gratifying, leading me to this moment and giving me conviction that we will continue helping teams ship better software every day," Raji said in a statement.Don’t miss these insights from CNBC What Nvidia's earnings mean for the stock market and AI tradeJosh Brown says if Apple announced a deal with Perplexity AI, the s would hit a recordChallenging Buffett: Buying wonderful companies at fair prices isn't more fitableBest Stocks: The value name with one of the best long-term charts Josh Brown has ever seenWATCH: OpenAI acquires software startup Statsig for $1.1 billion