I know 2 people that work there. There is zero proprietary tech they have. The hardware is just a standard microphone and bluetooth. The app is just feeding the recordings to GPT and Claude API. This is a failure of the business to grow and pulling the rip chord to make it seem like a good exit. Highly doubt the investors even got their money back.
This is so puzzling. If they’re not selling a user base, a brand or proprietary tech, then it does make it look like an acqui-hire as someone mentioned. But why acqui-hire a team that hasn’t built anything special? This makes me think there might be IP on the pendant product design that Meta wants.
This is unsurprising. What would be nice is if they can open source it so that we can connect the (fairly nice) hardware to our own backend and get some use out of it.
By all accounts the CEO was not good at his job