Statsig Acquisition, Valuation, Funding & Investors

Statsig was acquired by OpenAI for $1.1B in September 2025, a 27.5x multiple on $40M of revenue.

Statsig acquisition price

$1.1B

Acquired by OpenAI · Sep 2025

Statsig revenue at acquisition

$40M

Last twelve months · Sep 2025

Statsig revenue multiple at acquisition

27.5x

EV/Revenue · Sep 2025

Cumulative funding Statsig raised

$153M

across 3 funding rounds

Statsig Overview

About Statsig

Statsig is a San Francisco-headquartered experimentation platform for product teams managing feature flags, A/B tests, and analytics. It supports SDKs in JavaScript, Python, and Java connecting to warehouses like Amplitude and Mixpanel. Statsig powers deployments at companies including Notion, Pinterest, and Xbox Live across gaming, e-commerce, and SaaS sectors.


Founded

2021

HQ

United StatesSeattle, WA

Status

Acquired

Customer focus

B2B

Revenue model

Subscription

Revenue

$40M (May 2025)

Valuation

$1.1B (May 2025)

Statsig Acquisition

Statsig was acquired by OpenAI for $1.1B on 2 September 2025.

The acquisition price implies a 27.5x revenue multiple on $40M of revenue.

Before the acquisition Statsig had raised $153M across 3 funding rounds.

Statsig acquisition details
AcquirerDateTypePriceEV/Revenue
2 Sep 2025Strategic M&A$1.1B27.5x

Statsig Valuation

Statsig is currently valued at $1.1B, based on its Series C in May 2025.

The $100M round was led by ICONIQ Capital, with participation from Sequoia Capital and Madrona.

Statsig's valuation has grown 2.6x from $420M at its Series B in April 2022 to $1.1B in May 2025, across 2 priced rounds.

Statsig valuation by funding round

Revenue multiple
Statsig valuation by funding round
DateStageValuationRevenue Multiple
May 2025Series C$1.1B27.5x
Apr 2022Series B$420M10.5x

Statsig Revenue

Statsig's latest recorded revenue is $40M, as of its Series C in May 2025. At a $1.1B valuation, that implies a 27.5x revenue multiple.

Revenue moved from $40M in April 2022 to $40M in May 2025, while the revenue multiple moved from 10.5x to 27.5x.

Statsig revenue by funding round

Statsig revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
May 2025$40M$1.1B27.5xSeries C
Apr 2022$40M$420M10.5xSeries B

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Statsig Funding History

Statsig has raised a total of $153M across 3 funding rounds.

Statsig's first fundraising round was a $10M Series A in August 2021. The most recent completed round was a $100M Series C in May 2025.

Statsig funding rounds

Statsig funding rounds
DateStageInvestorsRaisedValuationDeal Summary
May 2025Series CICONIQ Capital (lead); Sequoia Capital; Madrona$100M$1.1BStatsig, founded in 2021 by Vijaye Raji and headquartered in Bellevue, Washington, is a data-driven product development platform offering an integrated suite of tools including A/B testing, feature flagging, product analytics, session replays, and real-time monitoring. The platform enables companies to automate experiments, manage feature rollouts, analyze user behavior, and unify workflows across experimentation, analytics, and feature management, serving customers like Notion, Microsoft, Brex, Electronic Arts, and Atlassian. It positions itself as a comprehensive solution replacing fragmented point tools, especially amid rising complexity from AI-powered features. On May 6, 2025, Statsig raised $100 million in a Series C funding round led by ICONIQ Growth, with participation from existing investors Sequoia Capital and Madrona, achieving a post-money valuation of $1.1 billion and unicorn status. This brought total funding to $153 million, following a $43 million Series B in 2022 led by Sequoia. Murali Joshi from ICONIQ Growth joined the board, praising Statsig's role in providing a single source of truth for enterprise product development. The funds will enhance platform capabilities, expand the team from 140 employees, grow the customer base, and support global operations to empower data-driven decision-making. At the time of the round, Statsig reported $40 million in annual recurring revenue (ARR), though it declined to disclose profitability or further financial details. The company has three to four additional products in development, aiming to become a one-stop platform for product building from conception to performance observation. Statsig operates in a competitive landscape of product experimentation and analytics tools, targeting the shift from intuition-based to science-driven product development. Investors highlight strong demand for its end-to-end platform amid AI disruptions in the industry.
Apr 2022Series BSequoia Capital (lead); Microsoft Accelerator; Julien Codorniou; Madrona; Ironwood Ventures; Joe Morrissey$43M$420MStatsig is a Seattle-based company founded in 2021 by former Facebook engineering executive Vijaye Raji, offering a platform for product experimentation, A/B testing, feature flagging, and analytics that enables product teams to test and analyze new features using live customer data before wide release. The platform improves on traditional A/B testing by allowing hundreds of parallel experiments with fine-tuned controls and metric-based outcomes, serving customers like Brex, Headspace, Notion, Rec Room, TelevisaUnivision, and Whatnot, reaching hundreds of millions of end users monthly. Statsig emphasizes a transparent pricing model with no subscription fees or upfront commitments, charging only for analyzed data, and has built a strong Slack community for user engagement. On April 20, 2022, Statsig announced a $43 million Series B funding round led by Sequoia Capital, with participation from Madrona Venture Group, following their $10.4 million Series A in August 2021 also led by Sequoia with Madrona. The round valued the company at $420 million post-money, a 10.5x increase from Series A, bringing total funding to over $53 million. Investors praised Statsig's bottoms-up growth, product-market fit, and potential to lead in experimentation, with plans to use proceeds for deepening analytics, scaling go-to-market, expanding the team (from ~12 to 31 employees), and accelerating product development including hundreds of new features monthly. By the Series B, Statsig had grown revenue from zero to seven figures (over $1 million annually) in five months, though exact revenue or ARR figures were not disclosed using standard terms. The company aimed to democratize product experimentation and foster data-driven cultures at companies like Headspace and Notion. Subsequent rounds included a Series C: one source reported $100M at $600M valuation led by Sequoia with Lightspeed, while Statsig's blog stated $100M at $1.1B led by ICONIQ Growth with Sequoia and Madrona participation.
Aug 2021Series ASequoia Capital (lead); Sriram Krishnan; Gokul Rajaram; Fidji Simo; Aparna Chennapragada; Hadi Partovi; Dylan Field; Jay Parikh; Calvin French-Owen; Madrona$10M--

Who has invested in Statsig?

15 investors have backed Statsig across its funding rounds, including Sequoia Capital, Madrona, ICONIQ Capital, Gokul Rajaram, Ironwood Ventures and Dylan Field.

Lead investors include ICONIQ Capital and Sequoia Capital.


Statsig Investors

Investors in Statsig by funding rounds participated
InvestorHQRoundsRoleFirst check
Sequoia CapitalUnited StatesSan Francisco, CA3LeadAug 2021
MadronaUnited StatesSeattle, WA3ParticipantAug 2021
ICONIQ CapitalUnited StatesSan Francisco, CA1LeadMay 2025
Sriram KrishnanUnited StatesUnited States1ParticipantAug 2021
Gokul RajaramUnited StatesSan Francisco, CA1ParticipantAug 2021
Microsoft AcceleratorUnited StatesSeattle, WA1ParticipantApr 2022
Fidji SimoUnited StatesSan Francisco, CA1ParticipantAug 2021
Aparna ChennapragadaUnited StatesSan Francisco, CA1ParticipantAug 2021
Hadi PartoviUnited StatesSeattle, WA1ParticipantAug 2021
Dylan FieldUnited StatesPenngrove, CA1ParticipantAug 2021
Jay ParikhUnited StatesSan Francisco, CA1ParticipantAug 2021
Julien CodorniouUnited KingdomLondon1ParticipantApr 2022
Calvin French-OwenUnited StatesSan Francisco, CA1ParticipantAug 2021

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Statsig Competitors

Statsig competitors include listed companies like Lightspeed Commerce and NCR Voyix, and private ones like Swiftly, commercetools, Khatabook and Homebase.

Public and private companies comparable to Statsig
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
SwiftlyUnited StatesSeattle, WAPrivate--$1B-
commercetoolsGermanyMunichPrivate$150M-$1.9B12.7x
KhatabookIndiaBangalorePrivate$9M-$600M66.7x
HomebaseUnited StatesSan Francisco, CAPrivate--$550M-
Lightspeed CommerceCanadaCanadaPublicly listed$1.2B($13M)$1.2B0.7x
NCR VoyixUnited StatesUnited StatesPublicly listed$2.7B$252M$958M1.0x

Statsig Public Comps

Statsig is no longer listed, but its public comps include Clarivate, Lightspeed Commerce, Red Violet, NCR Voyix, Shiprocket, Beijing Join-Cheer, WingArc1st, Similarweb, PAR Technology and Cognyte Software.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Clarivate$2.5B$829M2.1x2.2x6.3x5.3x
Lightspeed Commerce$1.2B($13M)0.7x0.7x(65.4x)11.0x
Red Violet$90M$24M13.2x11.7x50.0x31.7x
NCR Voyix$2.7B$252M0.8x1.0x8.9x5.2x
Shiprocket$211M($7M)4.3x-(131.1x)-
Beijing Join-Cheer$386M$11M1.9x-68.9x-
WingArc1st$199M$70M3.5x3.3x10.0x10.5x
Similarweb$283M($15M)2.5x2.3x(48.6x)26.2x

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Common questions about Statsig

When was Statsig founded?Statsig was founded in 2021.
Where is Statsig headquartered?Statsig is headquartered in Seattle, WA, United States.
Is Statsig publicly listed?No, Statsig was acquired by OpenAI in September 2025.
Who acquired Statsig?Statsig was acquired by OpenAI in September 2025.
How much was Statsig acquired for?Statsig was acquired for $1.1B in September 2025, a 27.5x revenue multiple.
What is Statsig's valuation?Statsig was last valued at $1.1B in its Series C in May 2025.
How much funding has Statsig raised?Statsig has raised $153M across 3 funding rounds.
What was Statsig's last funding round?Statsig's last funding round was a $100M Series C in May 2025, led by ICONIQ Capital.
Who are Statsig's investors?Statsig's investors include Sequoia Capital, Madrona, ICONIQ Capital, Sriram Krishnan, Gokul Rajaram, Microsoft Accelerator, Fidji Simo, Aparna Chennapragada, Hadi Partovi, Dylan Field and 5 others.
What is Statsig's revenue?Statsig's latest recorded revenue is $40M (May 2025).
What is Statsig's revenue multiple?Statsig's latest valuation implies a 27.5x revenue multiple ($1.1B valuation on $40M of revenue).
Which companies are comparable to Statsig?Companies comparable to Statsig include Swiftly, commercetools, Khatabook, Homebase, Lightspeed Commerce and NCR Voyix.

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