Hours after Wednesday’s announcement, Openai bought IO’s company IO in a transaction of all Amazing message in x.
Siemiatkowski’s Family Investment Office, Flat Capital, had purchased shares in IO six months earlierhe said. Since this is an All-Stock agreement, these IO shares will be converted into shares on the speculative arm of Openai.
‘Excited that @Flatcapital He was an investor in IO and that we will now receive even more shares at Openai on a heavy return for an investment we made about 6 months ago “, Siemiatkowski tweeted.
The post created so much interest that its investment company issued a public statement Confirming that IO was the mystery, a public limited company When he announced Its four investments in a “mini-portfolio” of AI companies. Flat Capital revealed that it spent 34 million SEK on IO, which turns into about $ 3.6 million.
Then came another amazing tweet from former Googler and designer Luke Wrogski, who is now working as CEO at Secretive Silicon Valley VC Powerhouse company Sutter Hill Ventures.
In a tweet afternoon and the LinkedIn Post, Wroblewski wrote: “Congratulations on IO for acquiring $ 6.5B of Openai today.
According to Some who saw In addition, tweets for Sutter’s investment, the business may have been the second largest investor in IO. However, TechCrunch could not confirm it. Sutter did not respond to our request for comments and Wrovewski deleted his positions after we arrived out.
The largest investor in IO was Openai itself, with a share of 23%, Sources said Bloombergadding that this share was estimated at about $ 1.5 billion. This means that Openai paid about $ 5 billion in stock for the rest of the shares. Other supporters of IO reported Bloomberg, included Laurene Powell’s Emerson Collective company, Thrive Capital, Maverick Ventures, SV Angel and the Openai Fund. As mentioned earlier, this fund is not supported by Model Model AI money, but by external investors. Despite deleted tweets, Bloomberg also confirmed that Sutter Hill Ventures was an investor.
