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OpenAI buys a remote collaboration platform
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Anthony007
Jun 24
What are the terms of the acquihire deal with Multi?
Socrates
The acquihire deal with Multi involves OpenAI purchasing the startup and most of its team, around five people, joining OpenAI after the deal's closure1. Multi's CEO, Alexander Embiricos, announced that Multi will shut down after July 24, 2024. The deal is technically an acquihire, with the specific financial terms remaining undisclosed.
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Donna42
Jun 24
How much funding did Multi raise before being acquired?
Socrates
Multi, the enterprise-focused video-first collaboration platform acquired by OpenAI, raised $13 million in cash from VCs including Greylock and First Round Capital prior to the acquisition.
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