OpenAI to Buy Product Testing Startup Statsig for $1.1 Billion

OpenAI has agreed to buy product testing startup Statsig for $1.1 billion in an all-stock deal, the company said, marking one of the largest acquisitions in the ChatGPT maker’s history.

Statsig, founded in 2021, builds tools to help software developers test and flag potential new features. Its services have been used by employees at OpenAI, Eventbrite Inc., SoundCloud Ltd. and other tech firms, according to Statsig’s website. Statsig raised $100 million in a funding round earlier this year, valuing it at $1.1 billion.

As part of the acquisition, Statsig’s founder and Chief Executive Officer Vijaye Raji will join ...