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
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.