OpenAI acquires AI-led finance app Roi in personalisation push
OpenAI has acquired an artificial intelligence (AI)-powered finance app, Roi, the Verge reported on Friday.
The terms of the deal were not disclosed.
TechCrunch reported the recent acquisition, announced by chief executive Sujith Vishwajith, aimed at utilising the startup’s capability to solve personalisation in finance at scale.
The report added that the company will end its service to customers on October 15.
The New York-based company was founded in 2022 and has reportedly raised $3.6 million in early-stage funding from investors like Balaji Srinivasan, Spark Capital, Gradient Ventures, and Spacecadet Ventures.
The development follows recent acquihires from OpenAI this year, including Context.ai, Crossing Minds, and Alex.
Last month, OpenAI said it will acquire Statsig in an all-stock deal valuing the product testing startup at about $1.1 billion. Statsig builds tools to help software developers test and flag new features. It raised $100 million in funding earlier this year.
The terms of the deal were not disclosed.
TechCrunch reported the recent acquisition, announced by chief executive Sujith Vishwajith, aimed at utilising the startup’s capability to solve personalisation in finance at scale.
The report added that the company will end its service to customers on October 15.
The New York-based company was founded in 2022 and has reportedly raised $3.6 million in early-stage funding from investors like Balaji Srinivasan, Spark Capital, Gradient Ventures, and Spacecadet Ventures.
The development follows recent acquihires from OpenAI this year, including Context.ai, Crossing Minds, and Alex.
Last month, OpenAI said it will acquire Statsig in an all-stock deal valuing the product testing startup at about $1.1 billion. Statsig builds tools to help software developers test and flag new features. It raised $100 million in funding earlier this year.
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