Humane (Acquisition)
Funding Details
Awarder
Inbox
Date Award
May 18, 2025
Vertical
AI Hardware
Funding URL
View Funding Page
Funding Amount
$116,000,000
Company Info
Traction
Humane raised $240 million in venture capital but faced challenges with product returns exceeding sales. The acquisition by HP for $116 million indicates a significant reduction in perceived value.
Founders
Imran Chaudhri, Bethany Bongiorno
Market
Consumer Electronics
Location
San Francisco, California, USA
Company Description

Humane is an AI hardware startup that aimed to replace smartphones with its Ai Pin device. Despite raising significant venture capital, the company struggled with product reception and ultimately was partially acquired by HP.

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