Sam Altman, CEO of OpenAI, attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, on July 8, 2025.
OpenAI continued its spending spree, announcing on Tuesday that it has acquired Statsig, a product 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 technology chief in the applications unit. He will report to Fidji Simo, the former Instacart CEO who was tapped to lead OpenAI's applications business in May.
"Working with the incredible team at OpenAI to build AI-powered experiences at scale for people and businesses 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 approval.