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Humane, the company behind the much-hyped Ai Pin that launched to less-than-glowing reviews last month, is on the
adidas spezial hunt for a buyer, Bloomberg reported, citing anonymous sources.The company has reportedly priced itself between $750 million and $1 billion, and the sale process is in the early stages, Bloomberg cited the sources as saying. Humane has never revealed an official valuation at any of its funding rounds, though The Information reported last year that its valuation was $850 million.Humane did not immediately respond
nike af1 to requests for comment on the report. A pin in a haystackFounded in 2017 by former Apple executives聽Bethany Bongiorno聽and聽Imran Chaudhri, Humane had raised around $230 million聽from backers such as Microsoft, Qualcomm Ventures, Marc Be
jordan high nioff, and OpenAI s Sam Altman before any part of its product was even publicly revealed.The company finallyunveiled its product last June: Called Ai Pin, it a wearable gadget with a projected display and AI-powered features. T Oeyx Trinity Venture s Patricia Nakache On The Secret To Zulily s Success
Mercedes BentContributorMercedes Bent is a partner at Lightspeed where she invests in consumer, edtech and fintech companies. More
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