OpenAI Acquires Wearable Technology Startup Io Founded By Jony Ive For $6.5 Billion

OpenAI, led by CEO Sam Altman, has acquired io, a start-up founded by Jony Ive, the former Apple design chief behind the iPhone, in a $6.5 billion deal to pioneer a new generation of AI hardware devices. This acquisition, OpenAI’s largest to date, brings Ive and his team of designers and engineers into OpenAI to create “amazing products that elevate humanity,” aiming to integrate artificial general intelligence into physical gadgets and redefine how people interact with AI technology. SALE PRICE: $6,500,000,000 OpenAI HQ: #SanFrancisco #California #VentureCapital #JonyIve #IO #OpenAI #SamAltman #TradedVC

More Deals

View All

Blank Street Raises $105 Million In Series B Funding Led By General AtlanticBrooklyn-based coffee chain Blank Street has raised $105 million in new funding, including a $75 million Series B led by General Atlantic and $30 million in secondary capital, valuing the company at about $650 million. The six-year-old chain, which now operates more than 100 locations, will use the fresh capital to expand into affluent parts of California, including Beverly Hills, West Hollywood and Malibu, as it broadens beyond its coffee-focused roots into an all-day brand centered on coffee, matcha, snacks and ice cream. FOUNDERS: Issam Freiha & Vinay Menda INVESTORS: General Atlantic, Left Lane Capital, General Catalyst & Tiger Global ROUND: Series B AMOUNT: $105,000,000 VALUATION: $650,000,000 HQ: Brooklyn, New York #VentureCapital #BlankStreet #IssamFreiha #VinayMenda #TradedVC

Micron Technology Launches $250 Million Venture Fund To Support AI StartupsMicron Technology has launched a $250 million Micron Ventures Paradigm Fund, its third and largest venture fund, bringing its total venture capital commitment to $550 million. The fund will back startups across AI model architecture, data infrastructure, in-memory computing, networking, enterprise AI and robotics, alongside Micron’s separate $10 billion, decade-long research initiative modeled after Bell Labs; CEO Sanjay Mehrotra announced both efforts as part of the company’s push to make memory a core pillar of AI infrastructure. FOUNDERS: Ward Parkinson, Joe Parkinson, Dennis Wilson and Doug Pitman AMOUNT: $250,000,000 HQ: Boise, Idaho #VentureCapital #MicronTechnology #MicronVenturesParadigmFund #TradedVC

Mantel Capture Raises $18 Million In Series A Extension Led By CEO Cameron HallidayMantel Capture has raised $18 million in a Series A extension, CEO Cameron Halliday, bringing fresh capital to its carbon capture technology. The company plans to raise between $50 million and $200 million next year, signaling plans for a significant expansion, though it has not disclosed the investors in the latest round or how the new funding will be deployed. FOUNDERS: Cameron Halliday, Danielle Colson, Sean Robertson, T. Alan Hatton & Takuya Harada ROUND: Series A AMOUNT: $18,000,000 HQ: Cambridge, Massachusetts #VentureCapital #MantelCapture #CameronHalliday #TradedVC