Openai acquires Statsig for a $1 billion all-share deal; founder Vijaye Raji is appointed as the applicant CTO
India – Origin entrepreneur Vijaye Raji sold a $1 billion leap in an all-stock deal by selling his product testing startup Statsig to artificial intelligence giant Openai.
In a blog post Tuesday, Openai announced a $1 billion deal to acquire Statsig, saying the platform played a central role in “how we ship and learn quickly.” “We are buying Statsig, one of the most trusted experimental platforms in the industry – performing A/B testing, feature tagging and real-time decision-making for some of the world’s most innovative companies, including OpenAI,” the post reads.
Who is Vijaye Raji?
Seattle-based Raji graduated from Pondicherry University with a bachelor of engineering degree in 1999. He joined Microsoft in 2001, where he stayed for nearly 10 years before joining Facebook in 2011. Raji stayed with the company for 10 years, transitioning from software engineer to VP, head of gaming, head of Facebook Seattle, and ultimately becoming VP and head of entertainment.
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Raji founded Statsig with his team 4.5 years ago, thinking that the best products come from fast experiments, tight feedback loops and data information, decision making.
Raji joins Openai as the CTO for application
After decades of working at Microsoft and Facebook, Raji will now join Openai as the application’s chief technology officer. The company said that after the acquisition of Statsig, Raji will take on the new role of chief technology officer in the application, reporting to Fidji Simo.
As a hands-on practitioner and trusted leader, Vijaye will be responsible for the product engineering of ChatGpt and Codex, with responsibilities covering core systems and product lines including infrastructure and integrity.
Statsig employees join Openai
As part of the acquisition, Statsig employees will become OpenAI employees. The company will continue to operate independently and serve our customers.
Commenting on the deal, Raj said: “Over the past 4.5 years, we have built some special platforms on Statsig: This platform is the best technology company in the world that relies on building quickly and making informed decisions.”
Raji said in an X post that joining hands with Openai will help us expand our mission while maintaining continuity for current customers. Raj said joining Openai “is an extraordinary opportunity to expand my experience in consumer and corporate products to a mission I deeply believe in.”
