OpenAI Acquires AI Startup Hiro Finance: A New Era for Financial Planning Tools
OpenAI has acquired the startup Hiro Finance, which was developing AI-based financial planning tools. The deal was announced by the project's founder, Ethan Bloch.
What is known
The financial terms of the deal are not disclosed. Meanwhile, Hiro announced its closure: the service will shut down on April 20, and all user data will be deleted by May 13. Amid this, the deal is considered an acquihire — along with Bloch, the startup's team will join OpenAI. According to open sources, it consists of about ten people. Hiro was founded in 2023, and the company launched its AI-based product about five months ago.
The service offered users to enter data about income, expenses, and debts, after which the system modeled various scenarios and helped make decisions. Hiro paid particular attention to calculation accuracy and the possibility of verification.
OpenAI has already worked with similar services. The company also promotes its solutions, including ChatGPT, for business and financial teams.
Ethan Bloch previously founded the service Digit, which was sold to Oportun in 2021 for over $200 million.
Source: Ethan Bloch
