The Statsig story actually begins years before the company was founded. Our former partner Mike Vernal worked closely with Vijaye Raji at Facebook (now Meta), where Vijaye made an indelible mark. He was one of the early engineers at Meta who started multiple key lines of business, including building Facebook Marketplace and running their Seattle office.
When Vijaye was ready to start his own company, the whole Sequoia partnership was eager to be part of the journey from day one. We were thrilled to lead their Series A in February 2021 and then their Series B a year later. As we deepened our partnership, Dannie Herzberg and I were impressed by Vijaye’s ability to attract and retain world-class talent in their home base of Seattle and their knack for non-stop shipping great products. It’s built into their DNA – ask anyone at Statsig who maintains their website, and they’ll laugh and point to the CEO’s desk.
Today, we are happy to share that OpenAI has signed a definitive agreement to acquire Statsig. As a part of this acquisition, the entire Statsig team will be joining OpenAI. Statsig will continue operating independently and serving its customers out of its Seattle office. Vijaye will take a leadership position at OpenAI as CTO of the Applications business.
In the AI era, it is easier than ever to generate everything from code to marketing copy. In this new paradigm, figuring out which output is best becomes the hardest part. Statsig brings the perfect complement: while AI can create countless variations, Statsig provides the rigorous testing framework needed to determine what actually works in the real world. Some of the best product teams build on the Statsig platform, including teams at OpenAI, Atlassian, Notion, Figma, Milwaukee Tools, Microsoft and thousands of other companies.
Congratulations to Vijaye and the entire Statsig team on this new chapter! We’re grateful to be part of the journey, and can’t wait to see what this team builds next.
The closing of the acquisition is subject to customary closing conditions, including regulatory approval.